With a dollop of IT companies in India being the best recruiters offering jobs to thousands of professionals are now more interested in offering overseas job opportunities. The main motive behind this is the shortage of skills and in turn better productivity.
Yup, according to India, workers are just commodities to be traded and they are demanding unlimited guest worker Visas and calling any controls a barrier to trade.
Gotta love 7% of a nation's GDP devoted to undercutting US wages.
The cost advantage for offshoring to India used to be at least 1:6. Today, it is at best 1:3
Yet, India, for all its glory, is still the world’s back office. India's tech industry is a "services" industry. The Indians don’t do the thinking. The customers do. India executes.
As a result, India has not learned to invent technology products of its own. Barring a few exceptions, the huge amount of venture capital chasing India finds it difficult to be deployed. There is way too much money, way too few deals. Instead, tech-sector VCs are now diverting capital to retail, real estate, hotels and other non-tech sectors.
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