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1. Yes stronger rupee will mean all the writer has said. In addition petrol will cheaper and this may result in lesser commodity prices – that is very much true .
2. It is also true that IT companies will get lesser profits and this will result in less in-take and decrease in salaries proportionately.
3. It is also true that our Indian IT companies do not make products which are generally considered High – end
4. But in a country like India , we need a mix bag of things to suit everyone. Considering the population , we need opportunities for various kinds People. Whether its necessary or not there will be always some requirements for Maintenance, BPO and Application development etc . Now if IT companies in INDIA cut down these kind of jobs then these jobs go to china , Brazil .That does create unemployment problems. We have to take up innovation along with the existing IT work.
5. For that to happen , the change has to happen in the area of education. The education methodologies , it judgemental ways need to change . The orientation of education towards Thinking Patterns and Design should happen , be it in whatever field. The current system of Quota needs to be re-energised so that the benfits reach the needful.
6.Whats the gurantee that if you move to innovation you can work from 9 – 6 ? Working from 9- 6 depends on the skill , discipline and more importantly planning the things. From the little experience i have got overseas , i feel they have got better work ethics. Even in our company i have seen people doing no work for 2 months (for various reasons starting with unallocation, protest against salary decrease, Rating etc etc ) and still getting away with it.
7. There are only three ways to meet the stronger rupee.. -> Make sure you raise hue and Cry and do not allow the rupee to be stronger. ->Shift ur base to other weaker nations. -> Improve the skills .
I feel our IT companies will take all three steps . But as far as Indian employees are considered the only way to compete is to be proactive and improve the skills in an inter-dependent way .
Inter-dependence not Independence is thw way ahead , that why those initiatives are started