Simple!
Posted on 03/13/2006 8:40:36 PM PST by USMMA_83
Rise of the Indian entrepreneurs
Rediff ^ | March 11, 2006 | Rediff
http://www.freerepublic.com/focus/f-news/1594523/posts
I'm not surprised that India should be throwing up more candidates than before, for Forbes' list of the world's wealthiest. But more important than that factoid is the rise of new entrepreneurs in the Indian system.
In almost any new industry that has grown to prominence in the last decade, the king on the block is not from the established business houses but a rank newcomer.
There is, to start with the obvious example, Sunil Mittal, whose phone company now has the sixth-highest value {Rs 74,000 crore (Rs 740 billion)} among all listed companies - fourth, if you exclude two state-owned giants.
Ten years ago, Mittal would not have made it to even the B list of Indian businessmen, forget the A list. Today, when it comes to telecom, he is ahead of established stalwarts like Tata and Reliance, and of a global major like Hutchison-Whampoa. Indeed, he nearly walked off with the World Entrepreneur of the Year award in Monte Carlo last summer.
Then there is Naresh Goyal and Jet Airways, which in barely 15 years has emerged as the largest airline in the country, having upstaged the erstwhile state-owned monopoly, Indian Airlines, and bought up a private sector rival, Sahara.
Half a dozen other start-ups (some started by people with more impressive business histories, like the Modis) have fallen by the wayside, and Jet seems set to take on the new low-cost contenders who are backed by big money - Wadia and Mallya, among others.
Indeed, the other impressive airline start-up is again a first-generation entrepreneur, Capt. Gopinath, who has grown his fledgeling company (Deccan Aviation) by adding one new plane every month for two years.
When it comes to the sunrise sector of organised retailing, the big boys on the block are Kishore Biyani and S Nagesh. 'Kishore who?', you would have asked a decade ago. Today, Pantaloon and Shoppers' Stop are the ones whom Wal-Mart will have to reckon with if it comes into India, for they have done better than the big boys in the same game, Tata (Trent) and the RPG group.
And when it comes to privatising the country's leading airports, those who have managed to bag contracts and get into the cockpit are again first-generation names that most people would not have been familiar with: GM Rao and GVK Reddy.
Both have interesting histories in banking, power and hoteliering, among other things, and both are now ready to be catapulted into the big league after winning the airport bids against celebrities with household surnames.
The story goes much further. One merely has to mention software and the names that crop up are Narayana Murthy and Azim Premji, Shiv Nadar and Ramalinga Raju. Then there is Subhash Chandra, the owner of an amusement park who pioneered satellite TV in India and who in a few years built a business that rivals the oldest and largest media house in the country; Uday Kotak, who has founded a bank that hopes to become another ICICI; Rajeev Chandrashekhar, an engineer who came back from the US and set up a telecom business before selling out and getting ready to enter freight transport - just when the railways have privatised the container business; Kiran Mazumdar Shaw, who has pioneered the biotech industry in India; TV entrepreneurs Prannoy Roy and Raghav Behl, who are India's news kings; and Jignesh Shah, yet another first-generation entrepreneur in a sunrise sector, who in yet another David-Goliath situation has set up a commodity exchange that is battling for market leadership with a rival exchange set up by some of the biggest financial players in the country. One can go on.
Time was when entrepreneurs with fire in their bellies had to leave India in order to get free rein - Aditya Birla wandered all over South-East Asia setting up companies and factories, and Laxmi Mittal ran away from the country to become the world's steel king.
Today, for all the difficulties of doing business in the country, India has become a fertile ground for breeding new entrepreneurs. The markets are vibrant, capital can be arranged, and technology and de-regulation keep throwing up new opportunities.
If you have a good idea, and the smarts to start and build a sound business, you may even make it to the Forbes list.
Where's the part about where you discuss your own self-esteem?
Beat me by 4-5 posts
American education here buddy...I'll leave the formatting to the Indians...lol
LOL. Actually, it's supply and demand. If you have tons of people that have the same abilities, the price goes down. The 'prices' for that level of talent here are higher.
Actually, that advantage they enjoy disappears in college. Our universities are second to none in their creativity and research abilities. We definitely lag on the high school exit, but if you go to a good engineering school, such as MIT, Harvey Mudd, or Rose-Hulman Institute of Tech, you can do pretty well.
I never thought I'd live to see the day that I would say what I am about to say. I'd rather clean the toilets in an all male hunting camp than take this exam. LOL
Simple!
Great test and a humbling experience. The math wasn't that bad but that's a lot of EE and optics for a high-schooler. I might have given them a run for their money in biology, though. BTT and good luck!
Yeah. Especially after a six-pack while waiting for "24".
But I coulda done it at the time!
How does one commit suicide in India? Tip a cow over the hard way?
fellas also note...there is not one multiple choice question. All are essay types...fun fun fun...
Actually, most of our students skip these courses if possible. This is required to attend collage in India whether seeking a BA or BS. I doubt few with a BA and many with a BS from collage in the US could pass this test. At least 90% of Congress would fail this test. They don't know a port from a port-a-john.
Ah yes, but, lest we forget, Teddy got kicked out for cheating on an exam.
LOL And they can probably spell English better than a lot of us as well. (It's outsource, not outsourse!).
Damn...I missed one.
http://jee.iitm.ac.in/main.php
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Physics
General: Units and dimensions, dimensional analysis; least count, significant figures; Methods of measurement and error analysis for physical quantities pertaining to the following experiments: Experiments based on using vernier calipers and screw gauge (micrometer), Determination of g using simple pendulum, Young's modulus by Searle's method, Specific heat of a liquid using calorimeter, focal length of a concave mirror and a convex lens using u-v method, Speed of sound using resonance column, Verification of Ohm's law using voltmeter and ammeter, and specific resistance of the material of a wire using meter bridge and post office box.
Mechanics: Kinematics in one and two dimensions (Cartesian coordinates only), projectiles; Uniform Circular motion; Relative velocity.
Newton's laws of motion; Inertial and uniformly accelerated frames of reference; Static and dynamic friction; Kinetic and potential energy; Work and power; Conservation of linear momentum and mechanical energy.
Systems of particles; Centre of mass and its motion; Impulse; Elastic and inelastic collisions.
Law of gravitation; Gravitational potential and field; Acceleration due to gravity; Motion of planets and satellites in circular orbits; Escape velocity.
Rigid body, moment of inertia, parallel and perpendicular axes theorems, moment of inertia of uniform bodies with simple geometrical shapes; Angular momentum; Torque; Conservation of angular momentum; Dynamics of rigid bodies with fixed axis of rotation; Rolling without slipping of rings, cylinders and spheres; Equilibrium of rigid bodies; Collision of point masses with rigid bodies.
Linear and angular simple harmonic motions.
Hooke's law, Young's modulus.
Pressure in a fluid; Pascal's law; Buoyancy; Surface energy and surface tension, capillary rise; Viscosity (Poiseuille's equation excluded), Stoke's law; Terminal velocity, Streamline flow, equation of continuity, Bernoulli's theorem and its applications.
Wave motion (plane waves only), longitudinal and transverse waves, superposition of waves; Progressive and stationary waves; Vibration of strings and air columns;Resonance; Beats; Speed of sound in gases; Doppler effect (in sound).
Thermal physics: Thermal expansion of solids, liquids and gases; Calorimetry, latent heat; Heat conduction in one dimension; Elementary concepts of convection and radiation; Newton's law of cooling; Ideal gas laws; Specific heats (Cv and Cp for monoatomic and diatomic gases); Isothermal and adiabatic processes, bulk modulus of gases; Equivalence of heat and work; First law of thermodynamics and its applications (only for ideal gases). Blackbody radiation: absorptive and emissive powers; Kirchhoff's law; Wien's displacement law, Stefan's law.
Electricity and magnetism: Coulomb's law; Electric field and potential; Electrical potential energy of a system of point charges and of electrical dipoles in a uniform electrostatic field; Electric field lines; Flux of electric field; Gauss's law and its application in simple cases, such as, to find field due to infinitely long straight wire, uniformly charged infinite plane sheet and uniformly charged thin spherical shell.
Capacitance; Parallel plate capacitor with and without dielectrics; Capacitors in series and parallel; Energy stored in a capacitor.
Electric current; Ohm's law; Series and parallel arrangements of resistances and cells; Kirchhoff's laws and simple applications; Heating effect of current.
Biot-Savart's law and Ampere's law; Magnetic field near a current-carrying straight wire, along the axis of a circular coil and inside a long straight solenoid; Force on a moving charge and on a current-carrying wire in a uniform magnetic field. Magnetic moment of a current loop; Effect of a uniform magnetic field on a current loop; Moving coil galvanometer, voltmeter, ammeter and their conversions.
Electromagnetic induction: Faraday's law, Lenz's law; Self and mutual inductance; RC, LR and LC circuits with d.c. and a.c. sources.
Optics: Rectilinear propagation of light; Reflection and refraction at plane and spherical surfaces; Total internal reflection; Deviation and dispersion of light by a prism; Thin lenses; Combinations of mirrors and thin lenses; Magnification. Wave nature of light: Huygen's principle, interference limited to Young's double-slit experiment.
Modern physics: Atomic nucleus; Alpha, beta and gamma radiations; Law of radioactive decay; Decay constant; Half-life and mean life; Binding energy and its calculation; Fission and fusion processes; Energy calculation in these processes.
Photoelectric effect; Bohr's theory of hydrogen-like atoms; Characteristic and continuous X-rays, Moseley's law; de Broglie wavelength of matter waves.
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Is this the test for all high school students? Or just for the college bound?
What percentage of all grade 12 aged students take this test? What percent passed?
I'm pretty sure I could have passed this test when I was 17, but I had advanced calculus and physics in HS (24 years ago) and pretty much aced all the AP, SAT and ACT math portions. What people don't realize is that most foreign school systems are not set up like those in the US. A decision is made by the age of 14 or 15 whether you are going on a college track or into a trade school, so when you compare the average scores, you are comparing apples to oranges.
This looks like a mandatory exam needed to be taken, to obtain a school completion certificate, for the engineering/ science stream.
http://news.indiainfo.com/2005/05/23/2305cbse.html
The CBSE Class XII results were today (May 23, 2005) declared, showing a pass percentage of 77.8 with girls outshining boys again in the exams.
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