Apparently, India is an undeveloped Internet economy: The nation has the lowest Internet penetration rate among major emerging markets and very little online commerce. NBC came out with a new show this year called Outsourced, as an American company was believe it or not, outsourcing part of their business in India. They were bringing American capitalism to a country with a country with a huge workforce. They are selling goods found on the Internet so it is a funny show about teaching Indian's the in's and out's of it all.
But back to the article, a laundry list of Indian Internet companies are emerging to offer their take on services that proved successful in the US and elsewhere. There are firms positioned to become India's Amazon.com, Groupon or Orbitz. All these firms have the ambition of capitalizing on India's growing interest in buying things online. There was a dot-com boom in the US in the late 90's, I wondering if history will have a chance to repeat itself or if the world has learned from its mistakes?
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