AP/Hyderabad Barbers and Dhobi's contribute more to GDP than Software
Interesting article in DC today, not sure if the facts are being shown in the right light, but was an interesting read ;-).
Central Statistical Orgn of India has calculated the addition to AP State GDP due to its IT sector ( may be non-bpo?) as 1490 crores. At the same time, their survey indicates that dhobi's contributed 526 crores and barbers contributed 519 crores and tailors contributed 447 crores equating to a total of 1492 crores.
The positive aspect is that service sector is growing along with the rising income levels, but I am disheartened by the fact that we are only generating 300 Million USD in the state in IT services.
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A Hyderabad based urdu newspaper siasat editor mr amir ali khan and mr mazhar and mr alamdar were involved in a sex racket today as exposed by MIM floor leader in the state assembly in which a young girl was sold to alleged sex racket after being brought in a trap by offering her a scholarship and then taking her to a farmhouse and raping her which are seirous offenses and even forcing her parents not to file a police complaint and threatnig them with dire consequences.Even the National Law Trust has sent a letter dated on 14-09-2006 signed by its Chairman Mr Khalid Nishu to all the Newspaper editors to take up the story as it damages the reputation of the media and the victim Mrs Mariam Fatima had even met the President of India seeking justice and the State Home Minister has appointed a team led by deputy Commissoner of police Mr Madhu Sudan Reddy IPS to investigate the case as promised by the Minister in the Assembly .The Majlis Ittehadul Muslimeen on Tuesday took the Congress government to task for its alleged failure to control kidnappings and trafficking of young girls in the State, particularly Hyderabad.
There are so many opinions nowadays that preach that IT has only .
a small contribution to the GDP.
But what people forget is the "IT multiplier effect" similar to the government-spending multiplier effect on the GDP. The fact is that so much of the economic boom in India is driven by demand from IT sector employees - real estate, food, travel, coffee shops etc etc.
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