Monday, September 18, 2006

ndia's gross domestic product has seen annual growth of 8.5%

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he latest available statistics from the World Bank indicate that India's gross domestic product has seen annual growth of 8.5% -- more than doubling the 4% of 2000. Reflecting this growth and the country's increasing presence on the international stage as an IT and economic powerhouse, the nation's leading companies, including Wipro (NYSE:WIT - News), Infosys (NASDAQ:INFY - News), and Tata Consultancy Services are constructing new corporate campuses.

Similar to China's architectural boom (see BusinessWeek.com, 12/23/2005, "China's New Architectural Wonders")", India's forthcoming wave of slick contemporary architecture, even beyond offices, symbolizes the Asian nation's rocketing economy, which first began to open up 15 years ago. Via a series of superlative skyscrapers, shopping centers, and residences that are the tallest, the largest, the "greenest," or the first of their kind, the country is quickly presenting itself as a 21st century global power.

In 2005, for example, Infosys Technologies opened its $65.4 million Global Education Center in Mysore. Located on a 270-acre, $119 million campus, the facility is the largest IT training center in the world, accommodating 4,500 trainees at any given time and hosting up to 15,000 per year. The center is being expanded to handle double the number of employees. While its glassy, futuristic design might evoke corporate buildings in Silicon Valley, the campus also features an Indian touch: a cricket pitch.

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