Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Saturday, 31 August 2019

Towards Nasscom 2.0





  

Highlights :


INDIAN IT BPM INDUSTRY IN FY 19  { Y-O-Y growth }


#   Revenue…………………… 6.1 %  [  $ 177  billion  ]


#   Exports…………………….  8.3 %  [  $  136 billion  ]


#   Domestic Inflow……….  7.9  %  [  Rs 2.9 lakhcrore  ]


#   Employees………………… 4.3  %  [  4.14  million  ]



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Way back on Aug 01, 2017 , Business Line carried following article :



Highlights from my related blog : Brain Inc 2.0  /  21 Aug  2017  ]



  5 lakh ( 500,000 ) engineers work in “ Tech R&D firms “ in India


     *   $ 22 Billion was the worth of their work in 2015-16


    *   This will nearly DOUBLE to $ 40 Billion in 2020



Now consider this :


·         By employing 5 lakh engineers , India’s “ Tech R&D Firms “ earned $ 22 billion . That works to a billing of $ 44,000 per man-year of R&D ( Export of Services )



·         I presume that the “ Manpower Cost “ constitute approx. 50 % of Billing Rate ( rest being OVERHEADS and MARGIN )



·         Hence , Indian R&D firms must be paying an average of $ 22,000 per year to its employees ( approx. Rs 1.2 lakh per month )



·         As against this , both , Indian as well as American firms pay ( on an average ) , $ 88,000 per year to H1 B visa holders



[  Current  Scenario in Aug 2017 , as per Shri Keshav Mrugesh- Chairman, NASSCOM :



   According to a research by HIS Markit, average wages for Indian IT professionals in the US was nearly $ 94,800 , while Indian companies paid $ 96,300, he says. This demolishes the myth on low wages “  ]


delhi@nasscom.in


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     Now with the disappearance of this “ Cost Advantage “ which existed in 2017 , is there a possibility to do better than the projected earnings of $ 40 billion in 2020 ?




My take :



It is possible if the Central Government considers following suggestions :



·          Back  Factory  of  the  World  ?   [ 09  Sept  2015  ]



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·         Agenda  for  Reforms                   01  Oct  2015  ]



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·         Vishal’s  Vision                               15  April  2016  ]



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·         Will  holograms  beat  H1 B  visa  ban ?  [ 31  Jan  2017  ]




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·         Worm  Holes  across  the  World  ?      [  03  March  2017  ]




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It is high time our Policy Makers launch a new initiative ( of Export of Intellectual  Property ) , called :
INDIA  :  the  BRAIN  FACTORY  of  THE  WORLD


Dear,


Shri Ravi Shankar Prasadji ,


Shrimati Nirmala Sitharamanji, 


Shri Prakash Javadekarji and 


Dr Harshvardhanji ,




With a measly 5 % GDP growth in the latest quarter , it does not seem possible to REVIVE the ECONOMY , by focusing on MANUFACTURING



Given the urgency of such a revival , SERVICE SECTOR acceleration is the only answer !



And , right now, that happens to be :  IT  BPM ( including IT hw/sw R&D export )



I urge you to consider my suggestions ( listed in above-mentioned blogs ), for your next OUT-of-BOX reform announcement


===================================================
01    Sept  2019
  Rsvp :  hcp@RecruitGuru.com


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