The Indian Economy Blog

Archive for the 'Outsourcing' Category

No Bang, Not Even A Whimper…

Monday, April 24th, 2006

The media “controversy” over offshore outsourcing subsides Angry rants and dismal laments about offshore outsourcing are joining over-excited Internet revolution articles from 1999 in the dust-bin. As we’d predicted. Greg Mankiw , who’s experienced the outsourcing sturm und drang first-hand, points us to this David Leonhardt article in the New York Times: A few years [...]

Shifts in Working Conditions

Tuesday, April 11th, 2006

Two news incidents caught my eye that had a similar vein of job market conditions running through them. One, read about young American workers conducting part of their work-life in Bangalore in Americans seek opportunity in booming Bangalore. Two, labor shortage in China enables an increase in working conditions and benefits as portrayed in Labor [...]

So That You Don’t Miss Us Too Much

Tuesday, April 11th, 2006

Back soon folks. Till then, links to some great reading – Larry Summers’ speech at the Reserve Bank of India on 24 March, 2006 – Edward Leamer’s review of Thomas Friedman’s The World Is Flat – Our friend, Joydeep Mukherji’s paper for the Center for the Advanced Study of India at U. Penn, titled Economic [...]

Rajan/Subramanian on the Bangalore Bug

Monday, March 20th, 2006

Raghuram Rajan and Arvind Subramanian of the IMF have written an excellent op-ed in the Financial Times in which they diagnose a new problem, one they call the Bangalore Bug, and one whose symptoms have been addressed several times on this blog. I’ve reproduced the piece almost in full since I figured most of you [...]

India Rising — The Big Scare

Thursday, March 9th, 2006

Triumph of hype and hyperbole over honest reporting. ABCNews has a report titled India Rising: One Billion Reasons to Care which is a study in scare mongering. I am sure that some Indians will misinterpret the report as high praise, instead of the scare mongering it really is. Take for instance their claim that if [...]

$36 Billion And 1.3 Million Jobs

Friday, February 17th, 2006

I am not a great fan of Nasscom reports, but this one made me sit up. The technology sector (give or take a few) accounts for 36 billion dollars in revenue and just about 1.3 million jobs. So how much is it in real terms? A big part of the economy of a miniscule part?

Higher Education Needs Fixing, Not Higher Salaries

Friday, February 10th, 2006

It is time to correct India’s lopsided education budget Salaries in India, especially for skilled workers, are rising. This is almost invariably attributed to the projected shortage in the number of workers available to sustain the rapid growth in India’s IT, biotech and other services. Those alarmed by rising wages contend that this will make [...]

The Case For A Robust India-Taiwan Economic Partnership

Saturday, January 28th, 2006

Japan fell through the cracks. Relations with Taiwan, in comparison, remain in India’s diplomatic blind spot. Though its wisdom is debatable, there is an argument against pursuing closer open political relations with Taiwan for fear of offending China. There is no reason, however, for neglecting greater economic intercourse with Taiwan, one of Asia’s top economies. [...]

India & America: Natural Allies?

Friday, January 6th, 2006

“What’s good for General Motors is good for America” said the the auto-makers’ executives during its heyday, in the 1960s. Not necessarily true — then, and now. However, is it possible that what’s good for India is good for the US? Charles Wheelan, in his Naked Economist column on Yahoo, thinks so and cites four [...]

One Billion+ People…Then Why The Shortage Of Labor?

Tuesday, December 27th, 2005

The answer: an inadequate and outdated educational system. Ajay Shah writes One of the key reasons why India is doing well today is the revolution in services exports, where white collar staff in India are plugged into globalisation, thanks to improvements in telecom. Today, there are probably a million people working in export-oriented IT and [...]

Don’t Try Kicking Sand In America’s Face…

Monday, December 19th, 2005

Over the last few years, there’ve been an increasing slew of proclamations about America’s “decline” as an economic power — for instance, check this Fortune cover story by Geoff Colvin. A key figure cited by the “declinistas” as evidence of America’s decline is the huge imbalance of engineering graduates between the US and those two [...]

Empowerment, Not Slavery

Tuesday, November 8th, 2005

A version of this piece was first published today in the Wall Street Journal as “Self-Delusion.” (Free link this week, but subscription from the next.) It was written a couple of weeks back, and has its genesis in this post of mine. Organized slavery ended decades ago, but to go by the criticism of some [...]

Don’t Insult BPO Workers

Monday, October 24th, 2005

I’m a little tired of people equating BPO with the slave trade, and BPO workers with coolies. Take this article, for instance, which cites “the first major study of labour practices in Indian call centres,” and compares them with “Roman slave ships.” That is a ridiculous analogy, and it insults the people who work in [...]

Disempowering Women

Tuesday, September 27th, 2005

The Times of India reports that “[the] Haryana government has sent notices to Gurgaon-based call centres asking them not to allow women employees on night shifts.” Do I even need to comment on this depressing, regressive move? One of the biggest indicators of a society’s progress is the empowerment of women, and although women are [...]

Finding ITs political feet

Saturday, September 24th, 2005

India’s IT industry has shown time and again that it is immensely capable of moving ‘up the value chain’. It needs to do the same with its politics.

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