What s happening, however, is a few successful Indian-Americans are sending home a portion of their fortune as investment. Indian companies will be forced to create such conditions where our technical workers will not feel the need to leave the shores, says Maulik Jasubhai of ZDNet India. If we have to retain the best talent, even the salaries will have to match the best in the world. Which means to sustain India s booming software industry, we have no choice but to hold back our whizkids. And a bit of this is happening already with salaries in the domestic software industry creeping steadily up, notching a new high every day, month or year.
Some angry experts suggest a tax on people educated here but going to work abroad.
You can argue with them, but cannot deny there is a problem on hand. The government announced recently plans to double intake at engineering and technical institutes to meet the demand. And Nasscom has launched Operation Knowledge hoping to start producing 5 lakh engineering graduates by 2006. IT Caste System 1. Those who do telecom software, e-commerce solutions, internet protocols and so on.