Indian IT-majors outpacing rivals in US

[TexasLawyer]

some food for thought this Labor Day...

Indian IT-majors outpacing rivals in US

New Delhi, Sep 03: Global IT giants like IBM, EDs, Accenture and Oracle are gearing up to take on the challenges posed by their Indian rivals. A number of global research firms, including Goldman Sachs, Forrester, Gartner, AMR Research and Wachovia Securities have suggested in separate research reports that Indian IT majors are outpacing their rivals in the US as well as other low-cost counties like China.

While US Tech services firms are likely to post an average operating profit growth of 7 per cent this year, the growth rate is pegged at 22 per cent for their Indian counterparts, Goldman Sachs said in a report.

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"Rafts of new clients came on board; existing client bases were very profitably mined, and thousands of new employees joined the firms," Stffler added. Despite being late to the party, the US IT majors are finally responding to the continuing growth trend being enjoyed by their Indian rivals, believe the analysts.

A highly skilled and vast workforce, low-cost operations, a booming economy, good telecom links and a fast-growing market have already led to global giants like Microsoft, IBM and Intel announcing investments to the tune of over 15 billion dollars (nearly Rs 70,000 crore) in India besides thousands of new jobs for their operations and joint ventures here.

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http://www.zeenews.com/znnew/articles.asp?aid=319854&sid=BUS&ssid=54

[Deja Q]

1. Well, the US is wilfully ignoring its own. What is one to expect?

Who is going to plonk tens of thousands into debt for something they're not going to be able to use?

Nobody expected the wage and cost-of-living factor to be turned against American workers and American supremacy, but it's happened. Wha'cha'gonna'do?

America is dead. We ought to become our own gravediggers. There's nothing else we're allowed TO do.

Even freepers are noticing offshoring (and other things the government they wanted are doing) and are angry. (and it's their own George 'macaca' Allen who started their anti-offshoring frenzy too, but their rants found elsewhere over there re: the loss of freedoms is far more interesting...)

[Zorra]

6. "There's nothing else we're allowed TO do."

Welp, then hopefully someday soon enough of us will band together and do what we are not "allowed" to do.

Like regain control of our government, and assert, in whatever manner necessary, our inalienable Rights to Life, Liberty, and the Pursuit of Happiness.

IMO, a boycott of anything not manufactured in the US, and then a coordinated week long mass general strike and boycott of all identifiable global fascist corporations, would be a good place to start.

If the factors and means of production are no longer available to people, then the people need to take control of the factors and means of production, particularly oil, water, and some other basic resources, out of the simple necessity to survive.

[mcscajun]

2. This was all too predictable. Kids and parents reading the headlines

know there's little immediate future in IT in this country. No matter how well-educated, you cannot compete with those who will work for 1/2 to 1/3 of what you require to live on in this country. It's Just. Not. Possible.

Those of us who've left IT (many of us INvoluntarily) spread the word far and wide. There may be a time in the future to compete in IT, but that time is not now.

[high density]

3. Wow, increased US investment in India leads to higher growth in India

What a surprise! Corporate America seems so eager to bring the United States to its economic knees. I don't know how they expect consumers to keep fueling this economy if they don't actually want to pay us decent wages.

[cornermouse]

4. Talk to Gates and his contemporaries.

They're the ones doing it.

As another poster stated, unless we move to India or somewhere similar, we cannot live off the salaries the mega-companies are paying overseas. While I would encourage my grandchildren to learn to operate computers efficiently, I would never tell them to go into IT or any other career avenue which has been or is in the process of becoming a routine export to China or India.

[angstlessk]

5. Even if you know the local language, I do not think India will welcome

American workers. We import Indian workers here..It is a CRUEL HOAX ON AMERICANS!

[notadmblnd]

7. I've heard there's actually a shortage of skilled Indian workers

in India, thats because corporations like EDS (my former company), IBM Accenture and Orical have already sent the jobs overseas. Try finding a job in IT here in the states. It's not happening. I've gone back to school.. Don't know what I'll be when I grow up. Maybe I should learn how to prepare dead people for showing? There's a job that can't offshore yet.

[cornermouse]

8. I've been told the funeral/mortuary business pays very well.

by people who were going into that field. Personally, I couldn't do it. Ever.

[fasttense]

9. There are millions of jobs in the US

If you like waitressing and house cleaning. In a local resort area you can make over $10/hr housecleaning. Every day I open the paper here in rural TN and see twenty jobs advertising for maids and house cleaners. If you took no leave and worked every week, with two of those housecleaning jobs you could maybe send a child to college. Then your child could go to work cleaning houses too. A uniquely American experience. :sarcasm: