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Remember, the whole IT/BPO industry of India makes up just 5% of Indian GDP and it has directly employed just 2-3 million people. Most of the hype surrounding i
by dimmuborgir 15y ago
Remember, the whole IT/BPO industry of India makes up just 5% of Indian GDP and it has directly employed just 2-3 million people. Most of the hype surrounding it has been created by the clueless western media - "OMG, India is eating our jobs".
India has achieved great strides in other industries in recent years (steel, coal, automobile, textile, agriculture, crafts, jewellery etc.) which should be highlighted and encouraged. Enough of this call-center nonsense.
- prayag 15y ago5% of world's 10 largest GDP is huge. At 5% of 1.5 Trillion dollars its about 250 Billion US Dollars. Also, the growth in BPO is also much more significant than the regular industries. In any case, it is hardly insignificant (or nonsense).
- dimmuborgir 15y agoWhere did that $250 billion come from? Typo? The Indian IT industry is worth $60-75 billion at present. Remember, it's the whole IT industry. BPO sector hardly touches even $20 billion. Given its value, the hype it has earned for more than a decade is ridiculous and unjustified.
- prayag 15y agoYea.. Sorry about 70 Billion. My bad. That's a valid argument to make. But given the growth that the BPO industry has seen and given the industry employs mostly young people. I think its still important to consider its cultural impact.