A McKinsey -Nasscom study finds,If India doesn't take urgent action to reform education and build modern infrastructure, the nation could fall far short of its potential as an outsourcing haven. The first inklings of a tightening talent supply are already visible in rising staff turnover and skyrocketing wages. If offshore outsourcing work grows as rapidly as expected, the study predicts, in five years India will have a shortfall of 150,000 IT engineers and 350,000 business-process staff. Software houses shall have to face this problem in several ways - that may include leser margins as well.The problem is not non -fixable - with concerted efforts from Government, educational instituitions & corporates - Read the specific recommendations( thought they look geneic - the roots of the solutions anyway lay there) to overcome the shortfall and once can easily relate how this fully doable. Am uplodaing from airport and hence very brief - shall write on this is in detail a litte later
Category :India
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