Word: indianizing
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...adapting their cooking habits and keeping a bucket of water handy for washing and the toilet. To my Western sensibilities, however, the eccentricities of the overburdened distribution system were simply frustrating. But India’s water woes extend far deeper than mere inconvenience. An estimated 700 million Indians, roughly two-thirds of the population, do not have access to adequate sanitation. Over two million children, especially those in poverty-stricken areas where water is highly contaminated or inaccessible, die every year for want of clean water. Both the fickle faucets of India’s suburbs and the crisis...
...political position that prioritizes the responsibility of the rich countries, and rejects mandatory cuts on countries just beginning to industrialize. Their argument is based on population size: Even years from now, when China and India will be emitting much of the world's carbon gas, the average Chinese or Indian will still be responsible for far less global-warming pollution than the average Westerner. The burden of restrictions, they argue, should therefore be shouldered first in the industrialized West...
...That principle helped shape Kyoto in a way that mostly gave developing nations a free pass. But, as Kerry pointed out, warming "is not a per-capita issue; it's a global emissions issue." The climate system doesn't care how little carbon each Indian is responsible for, if collectively they're throwing a whole lot into the atmosphere. So far the world has addressed this on a national level, not a personal one. But it's still hard to refute the argument that developing nations are somehow getting the short end of the stick here - which means we haven...
...surprise that Indian exporters are complaining about their country's strengthening currency. The rupee's 13% rise against the dollar this year has eaten into the profits of technology and service companies, which typically have close to two thirds of their clients in the U.S. Textile manufacturers, who often operate on silk-thin margins, have also taken a hit as a result of being paid in dollars...
...exchange rates are also making it cheaper for Indian corporations to snap up overseas firms. This fiscal year, India's total spending on overseas acquisitions and companies (foreign direct investment outflows) could pass $30 billion, according to a study by the Federation of Indian Chambers of Commerce and Industry and Ernst & Young. That would more than double what corporate India spent abroad in the 2006-07 fiscal year, and would reflect a net outflow of FDI for 2007. And the most high-profile deal may be yet to come: Indian car firms Tata Motors and Mahindra & Mahindra...