1/03/2004
India : always a contradiction
India : always a contradiction
Dec 16th 2003. in the Marketplace section of the Wall Street Journal there are two headlines with news concerning India.
The first one:
Second story
Scott Thrum writes, "Gaurav Maheshwari an was living the dream of a generation of Indian software engineers. The 30-year-old software programmer was earning more than $100,000 a year at a Silicon Valley start-up, living in a luxury San Jose, Calif., apartment complex with a swimming pool, and driving a Nissan Maxima with a souped-up sound system.
Then, Mr. Maheshwari learned that his employer, Lumenare Networks Inc., was moving all of its programming jobs to India to reduce costs. Uncertain of his U.S. prospects amid the tech slump, and with strong family ties tugging him home, Mr. Maheshwari volunteered to go.
Now, he manages 11 of Lumenare's 30 software engineers near Delhi, for the equivalent of $21,000 a year, about one-fifth his old salary. He lives with his wife, their newborn daughter and his parents in a three-bedroom, three-bathroom apartment in a gated complex. The $178-a-month unit building has a washing machine, covered parking and three balconies.
Mr. Maheshwari now drives a smaller Maruti Zen sedan with "just a simple cassette player." But he's also been struck by how much more modern India appears. When he left, ATM machines were a rarity. Now, they're on every corner, along with improved roads, fancier shopping centers and more diverse restaurants. Mr. Maheshwari figures his standard of living is comparable to what he had in Silicon Valley. In the long run, he figures he won't save as much or own as nice a house, but he's happy to be closer to family and friends."
It was interesting to read to different aspects of indian software industry on the same page on the same day. Will Infosys and Wipro be able to whip up success on the Western Turf like the Reliance and Nirma brand once did on the Indian Soil? Will the hundreds of Gaurav Maheshwaris returning back to india herald a era of "reverse brain drain" in india?
i sure hope so !!
The first one:
Indian Techs Step Up Rivalry With the West
It talks about companies like Infosys and Wipro are now hiring away 'Rainmakers' or veteran consultants from U.S., European Competitors To Help Bring In Bigger Contracts. These high profile consultants hired for salaries as high as $330,000 help the indian companies to win contracts valued at $100 million each. The north American and west european markets for computer services are valued at about $422 billion.Second story
Indian Immigrants Return Home Where Software Jobs Await Them
Scott Thrum writes, "Gaurav Maheshwari an was living the dream of a generation of Indian software engineers. The 30-year-old software programmer was earning more than $100,000 a year at a Silicon Valley start-up, living in a luxury San Jose, Calif., apartment complex with a swimming pool, and driving a Nissan Maxima with a souped-up sound system.
Then, Mr. Maheshwari learned that his employer, Lumenare Networks Inc., was moving all of its programming jobs to India to reduce costs. Uncertain of his U.S. prospects amid the tech slump, and with strong family ties tugging him home, Mr. Maheshwari volunteered to go.
Now, he manages 11 of Lumenare's 30 software engineers near Delhi, for the equivalent of $21,000 a year, about one-fifth his old salary. He lives with his wife, their newborn daughter and his parents in a three-bedroom, three-bathroom apartment in a gated complex. The $178-a-month unit building has a washing machine, covered parking and three balconies.
Mr. Maheshwari now drives a smaller Maruti Zen sedan with "just a simple cassette player." But he's also been struck by how much more modern India appears. When he left, ATM machines were a rarity. Now, they're on every corner, along with improved roads, fancier shopping centers and more diverse restaurants. Mr. Maheshwari figures his standard of living is comparable to what he had in Silicon Valley. In the long run, he figures he won't save as much or own as nice a house, but he's happy to be closer to family and friends."
It was interesting to read to different aspects of indian software industry on the same page on the same day. Will Infosys and Wipro be able to whip up success on the Western Turf like the Reliance and Nirma brand once did on the Indian Soil? Will the hundreds of Gaurav Maheshwaris returning back to india herald a era of "reverse brain drain" in india?
i sure hope so !!
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