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Offshoring to India will end in 8-10 years: Hackett report

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Offshoring to India will end in 8-10 years: Hackett report

Last updated: March 26 2012
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  • #41

    #41

    Re : Offshoring to India will end in 8-10 years: Hackett report

    Originally posted by sjain123 View Post
    =====
    Hope is not a crime. Hope keeps you alive.

    I intend not to refute your claims and sources of hope for the future. In fact I am an ardent hoper ( if such word exists).

    Your 'want a CEO' not a PM is a result of mismatch between 'your reading skills' and ' your comprehension'. Some where some one must have said that one has to treat the jurisdiction like an asset holding. This is so untrue and illogical.

    Fertile lands:
    -----------
    All the statements are vague. Doing better than most countries for example. We are already doing better than MOST countries. We are better economy than 'Eastern Europe', 'Africa', 'South American countries' and 'Far east'. That makes us better than most countries.

    Fertile lands are turned into concrete jungles - 1000s of acres at a stretch. Only recently about 4000 acres in Haryana ( the name Hariyana means greenery), which produced bulk of food grains after Punjab, turned into RE hot zones. In Sonepat this happened. So , you straight away lost 4000 acres worth of food. It is a criminal conspiracy. Just leave the farms without a single crop for 3 years. Then they become NA plots. Then build 2BHKs, 3 BHKsand sell . This is happeneing all over India and it is scary. Your kids may not have food to eat when they grow up. If barren registan land is turned into concrete jungle, there is hope, but destroying arable land is committing suicide. Why this is happening ? Greed. Just for quick buck.

    Pharma sector
    --------------
    Do you know what out Pharma sector does ? lol.
    There is just one company - reddy's labs which does 'back ward engineering'
    NOT A SINGLE drug EVER was produced in India. NEVER. Period. All Pharma manufacturing is centered on 'off shoring'. We prepare compounds for say 'cancer drugs', 'diabetic drugs' etc. But not full fledged Pharma. We do not have of patents either.

    Like IT, when the outsourcing goes to Philippines and Taiwan, Pharma sectors goes belly up. Why ? because of cost of land and RE and as a result commodities.

    Water :
    ------
    Except southern cities, all metros including Mumbai facing acute shortage of water. Once plush with abundance of water resources, Mumbai already facing water cuts in MARCH.

    Farmer suicides is a routine. Because of bad crops which is result of lack of
    water resources.

    Industries are shutting down along the east coast because of acute shortage of water.

    Water levy is just around the corner ( govt to increase the water tariff).

    And then, whatever DAMS we are living with Bhakra Nangal, Nagarjuna Sagar, Srisailam, Koyna, etc are aging. Not a SINGLE dam was built in the last 10 years while we crossed 1 BILLION.

    Minerals
    -------
    Thugs and looters . Mining Mafia - from Dhanbad to Kolar to Bellari. Day light robbery. Raw minerals are sold to foreign countries and steel is imported. Same with coal exports, same with Bauxite, same with even copper and Zinc.

    You have a handful of steel companies which produce steel for EXPORT to Africa and Eastern Europe. Except TATA steel and SAIL, not many companies produce for domestic consumption. processed MINERALs are given away. Thats rich national resources. Already more than half is looted.

    Oil
    ---
    KG basic is the ONLY place where Oil is said to have been discovered by ONGC. Just ONE basin. It will not even meet 2% of our demand for oil in 2020.

    You never faced any problem because GOVT subsidises oil to you. if you have to buy at the same rate as govt procures, you will go bankrup in days .

    We do not have alternative energy resources.

    Your statement of 'Havent searched because we were not hard pressed ' is hilarious.

    Our OIL comes from IRAN and Venezuela. When US invades IRAN, half of India will come to stand still. This is mathemetical certainty.

    When Israel Ambassadors wife was Attacked and India was probing , Israel intelligence came running to meet the MEA ( to hint them that do not depend on IRAN because we may attack).


    textiles
    --------

    I am sure you mean Textile Mills and not Textile Meals. lol. Current generation of Mumbai does not even know there existed Textile mills. They are gone beyond recollection. All mills are now RE hubs.

    The only thing we are producing is 2 BHKs and 3 BHKs and Villas .. Period. And I am not talking about the RE crash. I am saying Indian economy as a whole will crash like a pack of cards.

    You do not need 8 years for Outsourcing to end. if the prices increase like they are today, we will see end of all MNCs within next 3 to 5 years.

    Not a comforting thought eh ?
    Are you planning to commit suicide tonight !!

    Comment

    • #42

      #42

      Re : Offshoring to India will end in 8-10 years: Hackett report

      Originally posted by delhidwarka View Post
      software programmers in one of the top service bus technologies. in US u have to pay him 100k USD , here he is available for 6-8 lakhs per annum. and they work much better and much faster than their US peers.
      Good news: u r trying to make a correct point.

      Bad News: its of no use. Somehow people have become so much negativity or hyper euphoric that reasons dont work.
      And bad mouthing about indian IT people is a fav job here.

      Comment

      • #43

        #43

        Re : Offshoring to India will end in 8-10 years: Hackett report

        Competion is very good for any industry. I am working with a team in China and they are very good in work.

        But the way IT is maturing, it will be very tough for other countries to match India's skills.

        But all big Indian companies are opening offices in other countries to match cost.

        No danger to offshoring work. By 2020, India will have 20 more cities with 24x7 power supply and super fast network connectivity.

        And a major part of medical cost /screening/testing samples etc will offshore to India.

        Remember, India is not a country who invent something, it's a country which implement something.

        In another 5-6 years, companies will divide divisions based on work and talent.

        Meaning separate company for support project where no mind required.

        India has reached where in IT where no competion for another 20 years so relax.

        IT is still limited to 5% of Indian life, so 95% still need to be tapped.

        Comment

        • #44

          #44

          Re : Offshoring to India will end in 8-10 years: Hackett report

          Originally posted by chandra2034 View Post
          Competion is very good for any industry. I am working with a team in China and they are very good in work.

          But the way IT is maturing, it will be very tough for other countries to match India's skills.

          But all big Indian companies are opening offices in other countries to match cost.

          No danger to offshoring work. By 2020, India will have 20 more cities with 24x7 power supply and super fast network connectivity.

          And a major part of medical cost /screening/testing samples etc will offshore to India.

          Remember, India is not a country who invent something, it's a country which implement something.

          In another 5-6 years, companies will divide divisions based on work and talent.

          Meaning separate company for support project where no mind required.

          India has reached where in IT where no competion for another 20 years so relax.

          IT is still limited to 5% of Indian life, so 95% still need to be tapped.
          How dare to speak any thing positive abt india....Hope is a sin.

          Comment

          • #45

            #45

            Re : Offshoring to India will end in 8-10 years: Hackett report

            India is undoubtedly the best and most cost-effective destination when it comes to providing IT/ITES services.

            We are not so good when it comes to software product development. Many It biggies are venturing into that and will surely succeeed.

            Comment

            • #46

              #46

              Re : Offshoring to India will end in 8-10 years: Hackett report

              Originally posted by chandra2034 View Post


              Remember, India is not a country who invent something, it's a country which implement something.
              Now thats what the root cause of the problem!!!!!!

              See............ India spends just 0.9 per cent of its GDP on R&D while the corresponding number for the US is 2.2 per cent; Japan, 3.3 per cent; South Korea, 3 per cent; and China, 1.4 per cent. Also, you see the size of other countries GDP is much more than India's GDP. So in that sense this spending difference is mammoth

              I believe, we can't be a great/rich country just by providing the cheap labour force to other European/American countries. There has to be some innovation/entrepreneurship at the end of the day. Look at GUJRAAT..........its a perfect example.

              S'PORE MEIN KOI CHAI PEETA HAI TOH MOSTLY USMEY MILK GUJRAAT (AMUL) KA HOTA HAI

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              • #47

                #47

                Re : Offshoring to India will end in 8-10 years: Hackett report

                Bhai kab taak dhud piyte rahoge. Dhud sell karte kate country ki aye tesi ho jayegi. Do u know how much intrest is india is giving on loan they have taken from other country.

                Comment

                • #48

                  #48

                  Re : Offshoring to India will end in 8-10 years: Hackett report

                  why you listed this THREAD in NOIDA?

                  Hi Friends

                  This thread is really interesting and have lot of useful information.
                  But I am not getting why you posted this THREAD in NOIDA section?
                  Why can't you move this to any GENERAL DISCUSSION forum to get broader audience?

                  Comment

                  • #49

                    #49

                    Re : Offshoring to India will end in 8-10 years: Hackett report

                    Ha Ha, hope your boss is not reading this post
                    Originally posted by saurabh2011 View Post
                    LoL ... It looks that you are also doing outsource web development business ... REALLY 100% true.... Whatever I can get done from my freelancers in 10 hours client think that job of minimum 60 hours jobs and pay me as per that... yes.... and UK/USA business man never think that we have almost everything in build... Even OLD clients never ask that will it really take 60 hours..... A small example for them Shopping Cart work means minimum 50 hour quote work (but for us 5 hour maximum work, 45 hour to IREF gup shup, work shown after 1 week).... and this is every where in every small/big IT company of India.

                    Comment

                    • #50

                      #50

                      Re : Offshoring to India will end in 8-10 years: Hackett report

                      This MILK example, I used just as a metaphor .

                      The real sense was to convey the idea of PRODUCT /entrepreneurship development in this country. ALSO, I know there is huge debt not only as a country but even on every state as well. BUT do you have any solution for that??? If you were the PM.........(please.....not like our present PM).............what different you would have done to get rid of all this????

                      PROBLEM everyone knows..............but Solution??????

                      BTW.........AMUL is itself a BIG BRAND and long before this IT Revolution that was the GREEN Revolution which changed lot of things in this country.


                      Originally posted by gudguy View Post
                      Bhai kab taak dhud piyte rahoge. Dhud sell karte kate country ki aye tesi ho jayegi. Do u know how much intrest is india is giving on loan they have taken from other country.

                      Comment

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