26 October, 2020

C:\≫ Enter India

The year is AD 1997.The planet is entirely occupied by Microsoft.Well, not entirely...India can definitely buy millions more of Microsoft products. It's time for a visit from William Gates III.....

C:\≫ Enter India
outlookindia.com
-0001-11-30T00:00:00+05:53

THE most promising welcome, the most rousing applause, the most celebratory prelude to perhaps the most hyped-up business event of 1997 came strangely from the stock-markets. Almost as if sensing the sweet sound of cash registers, the values of the three most visible computer software stocks—Infosys Technologies, NIIT and Aptech—have been hitting their 52-week highs virtually every other day. Starting last month, on an average, the values have risen by almost 20 per cent. The only way to explain this extraordinary show of confidence in Indian software stocks is to credit it to one statement William H. (Bill) Gates III made at the World Economic Forum at Davos, that India has the potential to be the world's largest software producer. And then he announced that he would soon be visiting India.

But there's more to Bill than hot stocks and hype. With a personal net worth far in excess of $29 billion—over 1.5 times India's foreign exchange reserves, around 9 per cent of the country's GDP—this living legend is the world's richest man...

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