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Bangalore: The reason why India is doing so well in the Technology sector is the in-depth training they receive, which helps them to get an advantage over non-Indian employers. Much of the credit goes to the Indian education system. Back in 2002, India claimed to produce 350,000 engineers per year. But this included "diploma engineers" who were not true engineers at all. India actually had only 102,000 real engineering graduates in 2002. This went up to 222,000 in 2006 and may be double that in 2011, reports Economic Times.
However, McKinsey estimates that only 25 percent of Indian engineering graduates are good enough to work for multinationals (and only 15 percent of finance graduates and 10 percent of those with degrees of any kind). Yet in 2007, India's five largest IT services companies added 120,000 engineering jobs, and IBM and Accenture added another 14,000. Pharma R&D companies boomed. And foreign car companies made India an export and R&D hub to capitalize on its engineering skills.
The Infosys Global Education Centre at Mysore trains 13,500 people at a time. For arts and science recruits, TCS provides an additional three months of training. In all, many recruits get four to seven months of training before starting work. This would be impossibly expensive in the West. It is economic in India . Thus, low-cost training has been transformed into an international advantage, giving India a competitive edge in high-tech exports.
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