Categories
Economy India

The Global Face of the Indian IT Industry …

The Indian IT industry isn’t all about doing world class work at rock-bottom prices. That is one of its most regarded facets. There is another side of the coin that everyone so easily neglects. The Indian IT industry is global in the truest sense of the word.

Recently, I have been getting emails from college batchmates about positions in their companies that require the knowledge of a European language. There is an actual need for multi-lingual Indian software professionals at almost every company. For example, Tata Consultancy Services is hiring foreign language experts and multilingual software professionals for overseas projects.

Even in urban India, school and college students are not content with knowing just 2 spoken languages. Almost every school student is learning French, German, or Spanish as a hobby. These same youngsters would later on work for the world!

All I can say on this American Independence Day celebratory evening is that India is numero uno.

Categories
Economy

I think India is going in the right direction and if India were a stock, I would buy it

These are words from Thomas L. Friedman in an interview that appeared in The Financial Express last week. Normally, I read Friedman’s “lectures” on globalization with a grain of salt as I do not believe that it is possible to make a positive or negative case for it without observing the economies on a micro level. But, this interview, which was published a little while after his column “Bangalore: Hot and Hotter”, made me really ponder about how globalization has actually helped India win a proverbial war against social and political stagnation.

The stock market is at an all time high, and is actually showing a somewhat linear curve at present. Definitely, if India were a stock, it would be really prudent to buy as much of it as possible. The economic growth fuelled by the very pro-liberalization attitude of our politicians (in general) has made India the preferred investment destination of the world. Ofcourse, being rich in natural resources and having a good agricultural economic model helps. The population growth over the past years has actually placed the current generation in perfect position to leverage the advantages of globalization. There is no dearth of educated smart people willing to work a 35 hour day.

One of the biggest changes I noticed in India during my trip last month was how the youth is running the show in every field. Economic liberalization and public sector disinvestment pushed by the center has forced a “renaissance” of sorts in how companies portray themselves. The corporate ethical code is mature and enforced well, and the standard of living is very high thanks to the availability of labor and the extensively variable social stratum.

All this positive growth has motivated the common Indian man to dream big and achieve bigger. Just look at the business section of any website like Rediff.com and what do you see! “Tata Steel is world’s best steel producer”, “India’s largest FDI deal signed”, “Now, Indians are a confident lot!”, “From tandoori dhaba to Versace”, “Sensex ends at all time high of 7,145”; these are the headlines that are fueling motivation and pride. Something that has eluded us for so long…

-es

Categories
Economy

Welcome to Odyssey!

Starting now, I am moving to the WordPress software to manage my Blog from the program by PluggedOut. The main advantages of WordPress are a better support, more visible clarity, better options, improved theme support etc.

I would still maintain the old blog at this location.

Best!

-es
http://phoenix.gargs.com