CUE - Bangalore Flashcards
What is the issue in India as a whole?
LARGE DEVELOPMENT GAP -2008/9 some areas having a GDP per capita of over 120 and some having less than 50. The coastal areas and southern India are generally more developed.
Where is Bangalore and how big is it?
- Central southern India, good transport links
- surrounded by an international technology park,
- an electronic city and a proposed knowledge city.
- It is a consolidating/developing mega city with 11.5 million people in 2016.
How do the RICH live?
$100 million was spent on Ritz Carlton Hotel city centre
Infosys worth $32 billion
40% of India’s IT sector is concentrated in Bangalore
Richest 4% have 20% of the cities total income
How do the POOR live?
Between 10,000 and 15,000 people clean toilet pits with their bare hands
1.35 million people live in a total of 597 shanty towns
113,000 houses do not have toilets
Poorest 25% have only 8% of the cities total income
What is INFOSYS and what impact has it had?
Tech company located in Bangalore that does outsourcing work for companies in foreign countries No clients in India 80-acre campus First Indian company listed on Nasdaq US stock exchange in 1999 - $70 million in shares Company directors are multimillionaires Employees – 125,000 total 16,000 abroad Revenues - $2.1 billion Net worth - $32 billion
Evaluate Infosys’s impact?
Social:-Pos – higher quality of life
Neg – many people are stuck in slums and unable to make enough money to get out
Economic:Pos – big businesses such as TNCs e.g Infosys Neg – property prices are extremely high
Environmental: Pos – N/A Neg – increased pollution due to more people in a small area
