Pretty impressive article.
I dont believe on the economy will triple.. a safer bet would be double...
http://in.rediff.com/money/2007/may/18inter1.htm
India's growth has been enormous and steady over a period of time.
Take it any field in the society
IT which leads it
Communications
Automotive
Bio-technology
Inspite of all this growth, the only thing that worries me is the lower middle class who still make a couple of grand a month.
So all the growth is for probably 40% of the population.
The remaining 60% are brought down heavily. Classic example is an acountant's job thats being replaced by computers. ( the computer programmer ofcourse would have made 10 times more here)
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Guys need to make the most of whatever knowledge they have got. Every field has its own uniqueness and importance. A growth in one field will automatically fuels the growth in the other field as well. Its the percentage of growth that would vary between them though. For example, a growth in the IT sphere as already fuelled growth in 1. Automobile industry 2. Telecom 3. Real estate and so on. Remember one way or the other, all other fields are also benefitted. Which would basically mean how equipped are you (in order to cope up with the change that is fuelled by your own field growth or something that is being fuelled by a growth in some other field) is what matters. An accountant cannot be grimming about losing his job, rather take it as a challenge and look for an opporutnity in the same IT sphere where they still need domain experts.
All systems and fields are interlinked. IT is not replacing things but is just making life comfortable and easier and a lot more accurate. But with changing scenarios every now and then and Globalisation happening as well, I see every need for an accountant, or a car mechanic or anybody for that matter. Remember, the key here is to be the best in whatever you do. And when you do that, its a win-win scenario for everybody.
I definitely see this growth happening irrespective of any other country being explored as a better outsourcing region. There will be UPs and DOWNs as it always has been; But what really matters is how quickly does it turn around.
I can already see Americans being trained at camps in Infosys. So when the IT moves away from India, the best people would also be taken along to the other region where it moves.
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