The Financial Times today reported that ICICI will employ 40,000 people a Year, every year for the next 3 years !! This was reported during an interview of K.V.Kamath with the UK based financial daily.
On 7th Sepetember, there was a similar news: TCS plans to recruit 30,000 people this year !!
Similarly, if you trackback over this financial year, you shall find that all major companies in India are hiring in 1000s.
From the Financial Times article:
The problem of talent shortage that faces the nation’s infotech sector is also plaguing the banking, finance, insurance and manufacturing sectors too. The supply of talent is just unable to keep pace with the Indian economy’s growth rate, causing a major shortage, said the daily.
Well, with the shortage of qualified people salaries are going up, & with more companies announcing their mega hiring programs, I wonder as to “From where are we gonna fill this gap?”
TCS, Infosys, Wipro & others have already started hiring people from outside India. I can see that, in the near future there’s gonna be an influx of people from countries in Asia migrating to India in large numbers.
Where do we go from here??