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Manmohan Singh’s “India talent” dreams can cause disaster for India
While inaugurating the Infosys training campus of the IT major in Mysore Prime Minsiter Manmohan Singh said, "India must have ambition to become a large space for R and D all over the world. We should be able to attract global investments in the R and D activity at home," Singh said while stressing the need for luring foreign investment in this sector. "We are going to make India a natural choice for all knowledge-based activities, a role the country has been known to play for centuries," the Prime Minister said. Singh said the Government's endeavor was to make the country a major player in IT and IT-enabled services and called for giving a major thrust on development of hardware.
Prime Minister Manmohan Singh’s and other Indian political (but non-technical) leaders’ vision can cause a catastrophe in terms of unemployment and economic depression in India. While the Prime Mister is correct on the basis of a very short-term look, India should have diversified away from just IT and call center operations. Both the sectors are poised for a total depression in coming years. On top of that India only provides “technical coolies” a British term for computer technologists instead any viable products. While that kind of slave labor and outright exploitation of India’s youth for a very low price provides foreign exchange reserves for the country, the technology trend in the West flags serious trouble for India in the next two to three years.
Today India produces less number of mechanical or chemical or civil engineers. Most have the science and math-oriented talents are working for low-end software projects – an ideal example of ultimate brain drain for no price! Others are busy answering calls from call centers. When these jobs disappear due to systems automation in America, Japan and Europe, millions of Indians will be on the street without jobs. Most of these highflying ”professionals” have bought cars and homes through high interest rate loans – the loan default will make them lose everything they have in life.
This is exactly how millions of software engineers lost their jobs, homes and more in America between year 2000 and 2003. Software companies hired these software techies in the late nineties because of economic boom and Y2K scare. When the economy faltered these “professionals” were first to lose their jobs. They could not get trained in something meaningful even. Many ended up in driving cabs and limos. In India social insurance is so negligible and underemployment so high that these professionals in similar situation will really get nowhere.
The Government is short sighted. What they should have done long back is to provide tax inventive for exporting software products and not just cheap labor. In that case, most of the so-called Indian software oligarchs would have wrapped up their operations and saved the country from imminent economic and social upheaval.
OUTSOURCING ARTICLES
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