Audi 2007 Annual Report Download

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827 bn

US dollars was India’s GDP

in the 2006/07 fiscal year.

31%

increase in IT industry’s revenues in the 2006/07

fiscal year. 11 million new jobs expected by 2010.

20 bn

US dollars of new private building activity (2007),

set to rise five-fold by 2015.

16 %

annual rise in demand for cars in 2007. There are

15 motor vehicles for every 1,000 inhabitants.

THE ECONOMY IN FIGURES

New Delhi

India

1.12 bn

people live in India,

of whom 60 % are

under 30.

Bangalore

Hyderabad

Mumbai

250,000 hopefuls. Many of the best brains in his age group

were trained at the IITs. But when several flew off to work

abroad (one reason why Silicon Valley is so full of Indians),

critics complained that the Indian taxpayer was subsidizing

American industry.

Fortunately, many of the best refused to leave the country.

Some, like Nandan, teamed up with friends to start their own

companies. “We were in the right place at the right time,” he

says looking back. As computers began to take over the world,

India had the best computer programmers. Infosys grew from

being a small enterprise to becoming a world leader in its

field, entirely on the strength of its founders’ intellect and

vision. The software industry is still a mainstay of the Indian

economy. In the 2006/07 fiscal year alone, revenue surged by

31 percent, to 40 billion US dollars.

Nandan believes that there will be many more success stories

in the Infosys mold because India – and young India in partic-

ular – has what it takes to become an information technology

superpower. Each year sees hundreds of thousands of comput-

er specialists enter the job market. In Bangalore, where Info-

sys is based, every young person wants to follow in Nandan’s

footsteps. But meanwhile two other cities in southern India –

Hyderabad und Chennai – are witnessing IT booms of their own.

Boomtime in large cities: Even today, property prices are

on a par with those in Manhattan.

Source: German Federal Office for Foreign Trade, German Foreign Office

Photos: Roemers/laif, Bialobrzeski/laif, Moshir Desai/corbis, Ellingermann/laif, AUDI AG

11 million new IT jobs expected by 2010.

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