8/14/2019 TheOKONOMIST6 (1)

1/3

hina learning English to beat

dia?

ia is falling behind China in its attempts to increase the

e of English, risking squandering a key economic

vantage, a new report says.

"huge shortage" of teachers and quality institutions

ans China may now have more people who speak

glish than India, says the study by the British Council,

tain's international cultural relations body.

e study estimates less than five per cent of the Indian

pulation speaks English, which would mean that only

out 55 million people in India will be fluent English

eakers by 2010. In comparison China adds 20 millionglish speakers each year as a result of new education

icies that require English to be a compulsory subject in

mary schools. According to an earlier British Council

dy, China had 200 million English users in 1995.

ia's emergence as a major software and IT hub has in

t been possible due to its English-educated workers, but

study says English is a "casualty of wider problems in

ian education". "The rate of improvement in the English

guage skills of the Indian population is at present too

w to prevent India from falling behind other countries

ch have implemented the teaching of English in primaryhools sooner, and more successfully," says the study,

glish Next India, written by British author David Gradoll.

hina may already have more people who speak English

n India," it said, adding India will need many more

ople speaking English to sustain its economic growth,

cording to the BBC. "Poor English is one of the causes"

ndian universities falling far short of rival countries in

e qua l i t y o f t each i ng and research .

e study says a range of approaches is required to

prove English proficiency in India, and no single method

help.

November 22st 2009 Issue no.6okonomos.imtn@gmail.co

India to be third largest economy b

2050: Carnegie Endowment

India will be the third largest economy in the world

China and United States by 2050, a U.S. internationally recognized foreign-policy think tan

said.

An article "The G20 in 2050", carried in Nove

bulletin of the Carnegie Endowment for Interna

Peace said, "China, India, and the United State

emerge as the world's three largest economies in

Their total GDP, in real US dollar terms, will be ove

more than that of the other G20 countries combi

Other main findings include, China will becomworld's largest economy in 2032, and grow to be

larger than the United States by 2050. Over the next

years, nearly 60% of G20 economic growth will

from Brazil, China, India, Russia, and Mexico a

The article was written by Uri Dadush and Be

Stancil. A Frenchman and former director of World

Dadush is the director of the International Econo

Programme at the Foundation, and Stancil is a Fell

the Programme.

"In China and India alone, GDP is predicte

increase by nearly $60 trillion--the current

GDP-- but the wide disparity in per capita

among these three will persist," they n

India's annual average GDP growth between 2009-2

predicted to 6.19 per cent, and these emerging ma

will not rise among the world's richest countries

capita terms- their average income in 2050 will s

40% below that of the G7 nations presently.

8/14/2019 TheOKONOMIST6 (1)

2/3

Back Page Story Headline

This story can fit 175-225 words.

If your newsletter is folded and

mailed, this story will appear on the

back. So, its a good idea to make it

easy to read at a glance.

A question and answer format is a

good way to quickly capture the

attention of readers. You can either

compile questions that youve re-

ceived since the last edition of your

newsletter, or you can summarize

some generic questions that arefrequently asked about buying or

selling a home.

You can also use this space to re-

mind readers to call you when they

are thinking about buying or selling

a home.

If space is available, this is a good

place to insert a clip art image or

some other graphic.

Caption describing picture or graphic.

Place text here that describes any company policies or disclaimers. For example: Each office independently owned and operated.

Were on the Web!

example.microsoft.com

QUIZZARD OF THE WEEKPRACHIR GU

What does the slang term five finger disc

mean?

How was Bert Sutcliffe and Percy Holmes op

world record stand for Yorkshire commemora

will be remembered, perhaps forever or so thegoes?

In 1904 the first model-the Silent Gray Fe

was produced. What was it the first model of?

Answer these questions at http://spreadsheets.googl

viewform?hl=en&formkey=dGU2SlZvTlh3QW8yNjBIcmlmdG5TU

Answers to last weeks questions Landmark,Chennai.

Dollar bills.

Singapore.

r Canada on Thursday unveiled its plans to offer

-flight internet service. The national carrier said it

s started trials from Thursday to offer internet ser-

ce on select flights on its Toronto-Los Angeles and

ontreal-Los Angeles routes. With the trial run, Air

anada joins a few international airlines which

ready offer in-flight internet service.

assengers can access the service on their own

ptop for $9.95 per flight or Personal Electronic

evice (PED) for $7.95 per flight. In a statement, the

ontreal-based airline said trials will runs till Jan 29

hen it will analyze the results and customer

edback before introduction of the service on

her routes. "Air Canada is the first Canadian airline

begin offering customers access to the internet

hile they are flying,'' Louise McKenven, senior

arketing director for the airline, said. She said,

With this service, our customers will be able to

mail, work and surf the net while flying, and more

lly enjoy what is already a superior travel experi-

ce that includes complimentary seatback enter-

nment and access to standard power outlets.''

he airline needs to obtain regulatory approvals and

velop ground infrastructure for the in-flight inter-

t service. Ron LeMay, president and CEO of Aircell

hich is the world leader in airborne communication,

id, "We are very pleased to launch Gogo (the name

his company's internet service) on Air Canada, the

st Canadian airline to offer in-flight internet.

Air Canada's customers will now feel the freedom of

ving the world at their fingertips thanks to having

ll internet access in flight. We look forward to work-

g with Air Canada to deliver that world to them.''

he world's eighth largest airline, Air Canada oper-

es to nearly 80 international destinations.

Air Canada begins in-flightnternet service

According to the 2008-09 Status Report on India's external de

country's external debt indicators remained in the 'comfo

zone'. Foreign exchange reserved provided a cover of 109.5 pe

to the external debt stock

http://spreadsheets.google.com/viewform?hl=en&formkey=dGU2SlZvTlh3QW8yNjBIcmlmdG5TUEE6MAhttp://spreadsheets.google.com/viewform?hl=en&formkey=dGU2SlZvTlh3QW8yNjBIcmlmdG5TUEE6MAhttp://spreadsheets.google.com/viewform?hl=en&formkey=dGU2SlZvTlh3QW8yNjBIcmlmdG5TUEE6MAhttp://spreadsheets.google.com/viewform?hl=en&formkey=dGU2SlZvTlh3QW8yNjBIcmlmdG5TUEE6MA

8/14/2019 TheOKONOMIST6 (1)

3/3

Nobel Prize for Economics

1974

Sources

http://www.reuters.com

http://www.nobelprize.org

http://www.businessworld.in

http://www.economist.com

http://www.moneymorning.com

http://www.financialexpress.com

http://economictimes.indiatimes.com

dustan Aeronautics Ltd plans to invest more than Rs 25,000 crore in the next 10 years on the back of a strong ordereline and big ticket projects on the horizon.

e Chairman of the defence PSU, Ashok Nayak, said the company has an order book of more than Rs 60,000 crore.

e have got a new order for upgrading the Jaguar once more. Fresh order for the IJT (Intermediate Jet Trainer) isminent ... it's under approval ... may be Rs 6,000 crore additional order. Hawk ... additional 57 - 40 for IAF and 17 for thvy -- they are trying to buy," he told reporters here today.

yak said HAL plans to invest Rs 25,000 crore, mainly through internal accruals. "We have some reserves. Some gran

given to each project (by the government)".

how HAL would realise its aim of becoming a $6 billion company in 10 years, from being a $2 billion company now, hd that "big-ticket projects" of multi-role combat aircraft, fifth generation fighter aircraft, multi-role transport aircraft aional transport aircraft are expected to take off in the coming years.

o these things will bring the company to that level," Nayak said. "We hope we can do lot more outsourcing. Infrastruche Indian private industry is also coming up. We would like to make use of that".

AL to invest Rs 25K cr in next 10 years

http://www.economist.com/http://www.economist.com/