Does Infosys, or the top 10 Indian Information Technology companies, have a problem in finding quality manpower?
Yes, we do have a problem in finding people in the numbers we want and we have access to the best. But look at what the IT industry has done; it is at the root of the fundamental change in the education system. India produces about 3.6 lakh engineers, two lakh of good quality; bright and trainable. This year the IT industry will recruit about 1.4-1.6 lakh and next year about 1.6-1.8 lakh, if things go well. So there is nothing left for the rest of industry. What will they do? The rest of the industry is in trouble. The manufacturing industries are not getting engineers. So, for the first time in Indian history, there is respect for knowledge; we have to go after people. The power balance has shifted in favour of educated people. That is the way it must be; you have to pay them well, train and respect them. We’ve have had a very feudal business culture in this country. When I qualified as a CA in 1982, I had 12 job offers, all from the public sector, except for one. In the private secto
