Source: India Daily
The worldwide depression has finally restructured the world. The so-called slavish outsourcing servicing American and European companies is coming to an end. Just like in Second World War Europe went bankrupt and gave way for America to rise, in this current financial world war, America and Europe both are broke giving rise to India and China to rise up.
Indian outsourcing industry is dying because Americans and Europeans cannot pay their bills. The western world is in deep depression that may get worse and linger for much of this century.
But that is not the end of Indian adventure to manifest superiority in science and technology. The fundamental research in India has started again. India is moving fast in the area of bioengineering, genetics, and implementing the concepts of life in building the technology of the future.
India’s second-largest information technology services provider, Infosys Technologies, has issued letters to its employees stating they could opt for a one-year sabbatical to engage themselves in philanthropic activities. They would continue to draw 50 per cent of their salary during the period. Infosys crossed the 100,000-employee mark in India in the quarter ended September 30, 2008.
The company said that while the move may have coincided with the global financial turmoil and slowing growth rates of IT firms, it should be perceived as a pure voluntary act by employees who are prompted by altruistic motives and inspired by the example of its chairman and chief mentor, NR Narayana Murthy.
Well that is how AT&T Bell Labs started getting dismantled.
Although Indian outsourcing, call centers and so called low end software body shops are doomed, bright days are ahead of India starting from space exploration to creating artificial life.
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