The worst hit by recession have been the thousands of engineers that the nation has produced over the years working in Private Companies. Back in 2001-02, it was primarily the IT Industry that had to bite the dust, but the current monster has gobbled up many industries. Being the world's largest outsourced market, India had to face the heat too. And Obama's "Bangalore to Buffalo" stance did little to soothe the Indian worries. The collapse of investment banks shut the doors of hundreds of Indian start-ups which mainly were linked to the IT market. It's good to see however Indian giants like TCS and Wipro continue with their business with minimum lay-offs. Adding oil to the fire was the Satyam controversy that has rocked the very foundation of the Indian IT industry and has now over 10k employees holding their breathe to hear the worst news of their lay-off sooner or later.
However most of the Government projects that are being outsourced have Indian private companies as the service providers. A clear trade-off should be developed by the nation to distribute its projects equally amongst its own IT company and the private sector as the Indian private IT industry cannot be hurted. I feel in a year or so, when the tides of recession start to recede, is the apt time for the Government to start its own IT industry which would prove beneficial to the Government as well as the comman man.
Though a few foreign Governments have started to bail-off many companies including stalwarts, India luckily hasn't come to such a stage yet. With over a lakh engineers out on the streets looking for jobs and thousands to follow, it could be a good move by the Government to start off with its own IT industry. The Public Sector already has well established industries in electrical engineering(BHEL), defence(DRDO), thermal sector(NTPC), electronics(BEL), aviation(HAL), telecom(BSNL) etc. The so called 'Navratna' companies have been the faces of technology of the nation for early 5 decades. However there is yet to be a public sector undertaken IT company. With such a huge IT-sector population it would be wise enough for the Government to develop it's own expertise. A possible start could be the taking up of closed start-up companies under its own domain and build upon it. Many Government IT projects are now being outsourced which can be taken up by its own company if present.
However most of the Government projects that are being outsourced have Indian private companies as the service providers. A clear trade-off should be developed by the nation to distribute its projects equally amongst its own IT company and the private sector as the Indian private IT industry cannot be hurted. I feel in a year or so, when the tides of recession start to recede, is the apt time for the Government to start its own IT industry which would prove beneficial to the Government as well as the comman man.
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