Why The West Needs Indian Outsourcing

Sep.18.06 | About: Wipro Limited (WIT)

Distressing comment in Saturday’s New York Times, in a Q&A with Azim Premji, the chairman of Wipro (NYSE:WIT), the big Indian outsourcing company, about why the West needs Indian technical talent:

The West is not producing enough engineers. The United States will produce 75,000 engineers this year; they will produce more sports therapists than engineers. Germany, the great engineering power of Europe, will produce 35,000 engineers this year; they will produce more architects than engineers. Western companies want access to Indian talent, that is why they outsource, that is why they come to India to set up base.

More sports therapists than engineers? That’s depressing.