Its very easy to relocate service Industry from one country to another unlike manufacturing, and its not expensive to setup a BPO but its espensive to setup a factory, also there are many emerging markets in Eastern Europe and South East Asia for service sector, but my biggest worry is the US itself, recent figures shows that there are many unemployed in US itself, that means less money to spend and less demands for goods and services, to keep their economy running they will no choice but to bring back the jobs back to local economy, and the axes will drop on service sector first because of its easy mobility. We better invest in modrinization of our agri sector than to depending on services.
What you write is true to certain extent but how come US economy is going to be standstill -- no inflation, no psalary hike, no economic growth. The more their salaries and prices increase, the better chance India has to push its cost advantage.
At least, appreaciate Narayan Murthy who first lsited Infosys on Newyork stock exchange and rest is history.
British Foreign Secretary David Miliband Speaks as under at the Foreign & Commonwealth Office Leadership Conference: First, power is moving from west to east, with the integration of China and India into the world economy. In the 19th century version of globalization, a gulf in wealth opened up between East and West. Twenty-first century globalization is drawing them closer together. It is easy to overstate the scale and speed of this. In economic terms, and even more so in military terms, the US will have at least another generation as the global superpower. Nevertheless, this century may come to be known as the Asian century
RE:outsourcing
by anurag on Mar 09, 2008 02:38 PM
forget these one time heroes like Narayan Murthies and others. There was opportunity they capped on it. This is a different ball game hereon. Stop glorifying a person, instead stand up and love upto this situation. China devaluates it's currency by 10-15% to make sure its exports are competitive. Salary Levels have been kept under control there forlast 25 years. They have been growing thir manufacturing by 9% over lst 25 years. We have just grown in services sector and making so much hype of it. No infrastructure / No Jobs - - same old poor India if we don't step up are efforts to improve manufacturing and agriculture.
We need more articles of this kind. India has to move from generating a bunch of coders to creating some serious programmers. They have to seriously cut down salary hikes. Any dumb ass coming out a 4th or 5th grade college is being paid high money these days!! The other day our gui tester from bangalore was replying to me "what do you mean by daataabaise ?" He is working there for 4 years, making like 5Lakh/yr!! Very soon the people are going to understand the real cost of OutSourcing!
Sramana Mitra[author], take a bow. The article brilliantly covers some prevailing & forthcoming issues, which for now seem unacceptable to the mass. It is for the fraternity (Indian IT i.e) to acknowledge the inevitable and endeavor to establish a more futuristic, sustainable model for, both, growth & existence. Ignorance or arrogance will anyways default to doom. To adapt and move will, at least, ensure survival. Quite confident a few may take this worthy risk. The rest, knowing that they have arrived (the author%u2019s terminology for the complacent) can rest on their laurels and possibly retire for a future (on an optimistic note, let it be bright)
Sramana Mitra[author], take a bow. The article brilliantly covers some prevailing & forthcoming issues, which for now seem %u201Cunacceptable%u201D to the mass. It%u2019s for the fraternity (Indian IT i.e) to acknowledge the inevitable and endeavor to establish a more futuristic, sustainable model for, both, growth & existence. Ignorance or arrogance will anyways default to doom. To adapt and move will, at least, ensure survival. Quite confident few may take this worthy "risk". The rest, knowing that they have %u201Carrived%u201D (the author%u2019s terminology for the complacent) can rest on their "laurels" and possibly retire for a future (on an optimistic note, let it be bright)
I am partly agree with the report. Infosys, Wipro should first take away their focus from body shopping. Stop dreaming and start living guys. Eastern European countries are fast catching up with India. They have better infrastructure and cheap labor. Soon most of them will be speaking English fluently, being a part of European Union. There are no trade barriers, their culture is same (Western) and so on. Indians expect too much against too little (I am talking about Money against Knowledge/Skills). Lots of Indian Engineers totally lack professional attitude. Many has no dressing sense. There are huge cultural barriers. How would you survive? No wonder we still see long lines of people outside of US Consulates across India with real or fake documents, eager to go to USA. And once they get visa? They get a feeling as if they are "Alexander the great" "World champions" and so on.
RE:I am partly agree
by Sunit Kumar on Mar 06, 2008 06:31 PM
RFN Which eastern Eurpoean countries ur talking about dude ? Which sends plumbers or ESCORT services ??? go to UK and have a look !!!
RE:I am partly agree
by IT Coolie from Infosys on Mar 09, 2008 02:55 PM
Yes come and see how they are kicking out Indians from every job. You idiot dont comment without knowing their potential. They are far more focused and intelligent than Indian coolies.
