Any developed country relies heavily on IT for bank transactions, online investments , shopping , ticket reservation, weather monitoring,health care , insurance claims, hotel booking, tracking criminals, wireless networks and communications etc etc. A time will come when Indian IT companies will start getting modernization project from Indian companies and government in large chunks and domestic IT job market will also be ablet to absorb so called IT coolies as many people want to call them. India churns out so many engineeers every year and 80% of them are not employable in their respective fields. Even if Automobile and construction companies want to hire there engineers they won't be able to perform day to day work. Thanks to IT industry all these guys got jobs and decent salary. Those who did not prefer getting in IT feel left out and spit venom against IT coolies. When a sigle IT company opens anywhere in India for every 1000 IT coolies u get employement for another 200 people indirectly. You get couries guys for posts , u get cleaners , auto wallahs , u get peons and then they pay electricity bills and phone bills etc too. Did anyone ever bothered to ask some other professional to justify their cost to company then why is this an issue with only IT guys? Only because they are more in media than others? Stupid TV artiste earn much much more. Can the crap. Stop praying for the doom of indian IT.
RE:Indian IT
by Pradip Parekh on Dec 11, 2007 01:23 AM Permalink
actually, a downturn in usa would impel cost saving/cutting moves across the industries, which should actually play to india's advantage because of much cheaper labor. however, the downturn in usa is not likely to happen despite the subprime woes, whcih the wall street journal says is not a very significant pct of gdp. under bush govt, free market will thrive. however, a democrat in whitehouse could mean distortions would creep back in.
