May 2001
Skills shortage prompts innovation
The strategic resource that Indian IT companies rely on to grow at the recent cracking rate of 50% a year is the country’s pool of 340,000 technical professionals. Yet, if a recent study by consultants McKinsey is to be believed, that pool is not growing fast enough.
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Indian school children: can enough
of them learn IT skills quickly? |
The strategic resource that Indian IT companies rely on to
grow at the recent cracking rate of 50% a year is the country's
pool of 340,000 technical professionals. Yet, if a recent study by
consultants McKinsey is to be believed, that pool is not growing
fast enough. As more professionals are lured overseas, Indian
companies might find themselves faced by a shortage of human
resources that could limit growth.
McKinsey's study, conducted between September and December 2000,
is based on interviews with the deans of the six elite Indian
Institutes of Technology (IITs), faculty members, students and
alumni, government officials and industry research centres of IBM
and GE. It found that demand for Indian IT professionals would grow
by 500,000...
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