LeftyProf speculates on how long the Indian economic boom will last.
…some American companies are beginning to close down their India operations and return to their own shores because of the rise in wages in cities like Bangalore. I’m not predicting imminent doom, but this does point to the fact that the outsourcing boom is built on uncertain foundations–it always was.
For the multinationals, this young, enthusiastic, and loyal workforce, which has adopted so much of the ideology of globalization, is quite expendable.
Linked by bhupinder. Join Blogbharti facebook group.
Thanks for the plug, Bhupinder. Let me just clarify for the benefit of readers, that the post is not so much about the economy, as it is about the culture of consumer capitalism that is sweeping our cities, especially among young professionals.
Thanks for the clarification, LeftyProf