Sun rise or Sun Set

The unfailing, consistent image of "enduring India" in the IT industry has been given a shove by the recent McKinsey Global Institute findings. The consultancy has delved into various issues which has been hitherto overshadowed by the mind-boggling offshoring stories by IT companies in India. If the numbers are to be believed, we are in for a major employment cataclysm. Take this, only 25% of the engineering graduates are considered suitable for jobs by MNCs. While it is certainly higher than China, we produce half of what Central Europe churns out. Anothet eye-opener, only 1.2 mn people hold engineering degrees in India, which is 4% of the total university educated workforce. Compare this with 33% in China and 20% in Germany - your jaw is bound to drop. The search for the eluding middle managers is another notable disdvantage. With Russian and US companies poaching trained managers, the industry is increasingly encountering quality issues. The demand for quality talent is soon bound to outstrip supply and with steep increase in wages, the future for the IT industry hangs precariously in the corridors of policy makers.