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
]
======================================
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
=======================================
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 ]
======================================================
· Agenda for Reforms [ 01 Oct 2015 ]
=======================================================
· Vishal’s Vision [ 15 April 2016
]
=======================================================
· Will holograms beat H1 B
visa ban ? [ 31 Jan 2017 ]
=======================================================
· Worm Holes across the World
? [ 03 March 2017
]
======================================================
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
No comments:
Post a Comment