First and foremost let me tell that author looks so immaturish when he talks about the carrier and salaries. No company, mind it no company pays salaries in range of 10,000 to a PhD. In noway a fresh PhD get's lesser than Rs 20,000, in any subject from science, leave apart Biotech. Exploitation is there. Some companies pay lesser than a call centre employee. But when you go to aborad and global market you are paid very handsome money with PhD getting $40,000 PA minimum with extra perks like complete medical, dental, social security, free internet, phones and laptops and loans for household with minimum 30% increment per annum.
The Why India is suffering in Biotech market? Together with incoming multinational companies , our own companies have understood the fact that India has cheapest labour cost. They have to pay salary 6 times or more lesser than globally prevelent salary. They promote breeding of high number of graduates knowingly so that their requirement at cheaper cost si met always. They never focus over quality because most of the companies here are in curation and simple clinical jobs, for which one needs a book of standerd protocols like one which stays in any laboratory. No focus over R&D. Jobs are outsourced and BPO support has to be given. And our children graduate just to work as low paid BPO worker in such industries which give long interviews. Hardly you would find the sense of market and industry in those graduates, hardly any sense to become enterprenuer and start and change the industry environment and hit the money dominated markets. Blindly all follow the same path including the employee as well as their employer. These companies have generated th number of jobs but not the quality of jobs. those doing postdocs or PhD abroad want to come back but their problem is that when they come here they get lesser salary as well as stay underemployed with poor job quality prevelant everywhere. Indian research institutions are doing much much better jobs than any company in this country today. biotechies are just associated with pharma companies while this is just a limited appraoch. Why don't they go aggressive over food sector and agriculture, where import export has higher chance? Why not any company here rises which works in the field of biomedical sciences like artificial eyes research, or heart which has very high amrket demand and involves all kinds of interdesciplinary inputs. But they can't do this. Our students go to US UK and do subsidiary jobs there too while they are forced to end up like labour underpaaid in Indian market. Teach the graduates to take up the challenege and challeneging researches and open companies instead of becoming underpaid labour if companies are suckers.boom is always there if you ahve head.
