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"Indian society will take this for much longer"
The pay scale will not see the same upward fluctuations there as here in the states. Culture is one reason and this is the other:
http://www.cia.gov/cia/publications/factbook/geos/in.html
"Economy - overview:
India's economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of support services. Government controls have been reduced on foreign trade and investment, and privatization of domestic output has proceeded slowly. The economy has posted an excellent average growth rate of 6% since 1990, reducing poverty by about 10 percentage points. India is capitalizing on its large numbers of well-educated people skilled in the English language to become a major exporter of software services and software workers. Despite strong growth, the World Bank and others worry about the continuing public-sector budget deficit, running at approximately 60% of GDP. "
I can give you more reasons but I'll let you look them up yourself. - Posted by: Squawkbox Posted on: 03/08/05 You are currently: a Guest | Members login | Terms of Use
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