Nurturing and developing talent in the current economic scenario is key to a progressive future for India. Chief of Hewitt mentions : India's cost advantage is sustainable for atleast 45 yrs from now, provided there is continued training and development of talent.
The world is getting flatter and economies - specially the west, more agnostic. Let me explain - earlier India was a favourite with the USSR (when it still existed). There are no favorites anymore. Those offering the best deal bag it! If tomorrow Philippines or Vietnam was to provide the same cost advantage with on par or better talent, the economies wouldn't take time to shift there. What happened to Porter and "switching costs". Does that concept even exist anymore??
I am still not sure how could we remain competitive by developing talent ?.The current education system is almost punitive to the student class by encouraging and propagating reservation. Reservation to whom ? - the economically backward? no not really, it's the creamy layer amongst backward classes who are not exempt to benefits of reservation.
Both graduates and under graduates, who have some iota of talent are looking at the west for further studies and for better paying jobs. Whose talent do we develop then?
I would think we have a tricky future facing us. Is the economic/ financial boom in the country truly sustainable ? I wonder......
The world is getting flatter and economies - specially the west, more agnostic. Let me explain - earlier India was a favourite with the USSR (when it still existed). There are no favorites anymore. Those offering the best deal bag it! If tomorrow Philippines or Vietnam was to provide the same cost advantage with on par or better talent, the economies wouldn't take time to shift there. What happened to Porter and "switching costs". Does that concept even exist anymore??
I am still not sure how could we remain competitive by developing talent ?.The current education system is almost punitive to the student class by encouraging and propagating reservation. Reservation to whom ? - the economically backward? no not really, it's the creamy layer amongst backward classes who are not exempt to benefits of reservation.
Both graduates and under graduates, who have some iota of talent are looking at the west for further studies and for better paying jobs. Whose talent do we develop then?
I would think we have a tricky future facing us. Is the economic/ financial boom in the country truly sustainable ? I wonder......
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