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Journalism of Courage
India is likely to benefit from an exodus of high tech jobs from North America as over 6 million jobs are expected to shift overseas in a decade. ‘‘In the next decade, as many as 6 million jobs might be sent to India and other nations by US companies in search of lower costs and a tech-savvy, English-speaking workforce,’’ Goldman Sachs Group Inc said in a recent report. ‘‘The shift of North American technology jobs to low wage countries like India cannot be stopped because not only are Indian companies a third of the cost, but they actually are better’’, said Pradeep Sood, president of Indo-Canada Chamber of Commerce. Indian workers earn as little as one-tenth of their North American counterparts, and India produces 67 per cent more engineers and computer scientists each year than the US, said Sood, suggesting that India should take full advantage of its low salaries and skilled work force. A number of multinational corporations like Microsoft, Intel, Accenture Ltd and GM Motors have already started taking advantage of cheaper costs in India. (PTI)
