Have u heard of the coming Retail revolution, Manufacturing revolution, 2nd agri-revolution led by corporates etc.
True, there will be a temporary pain when the IT industry goes under, but our IT industry is nothing but a 'sweat-shop' for the americans.
Are they (IT industry) doing any worthwhile patent-based research? Are they into product-development like Microsoft/Apple/IBM/HP/Sony etc? Are they into superconductors & chip development??
Fools like you have to understand that, unless our IT industry is into hi-tech work where they develop products in our own-right (ie under our name & not contract-work for americans), they will never come-of-age.
More than Narayan-murthies/Premjis etc, I admire Ambanis/TATAs/Birlas/Mittals, who will make india a true-global economy.
Ofcourse, IT industry did make its contribution to the Indian economy, but its days are now numbered, unless they go up the value-chain & become rivals of Microsoft/Intel/ Apple/HP/Sony/IBM and not work FOR them, as they are doing now.