Sumit, all the growth in India is 'as of now' predominantly based on IT and back office support...where is manufacturing..from diwali bulbs to hindu god idols..all made in china or taiwan...we are way behind china and other low cost regions in manufacturing...there was a time when a BCOM or a BA could not get a job..so engineering and medicine was the only way out..now they can..in 2000 courses like BCA, MCA, BIT etc etc flourished the market..nd ppl who gt in are today banking on IT and outsourced job..declining rupee means that labour is no longer cheap...nd trust me u cn train a monkey to do a job...so lets forget about oh we indians are so smart...honestly nobody cares...the 3 biggies of indian IT have almost all their customers overseas...if india is no longer able to provide cheap labor..y wud anybody invest in india...furthermore, if u r in IT u wud knw tht most of the jobs that r being outsourced to india are no-brainers....these jobs r synonymous to the operator jobs in manufacturing environment....if India can't innovate and develop all this growth and big financial and economics we are talkin about is goin to fall flat..
