China Chases India

India IT industry is out front. However, www.infosys.com chief mentor, N.R. Naryana Murthy says that China can expect to pull even with India within the next five years.

Infosys receives 1.4 million job applications every year! And they are giving all their engineers a raise of 12.5 % to about $5,750/year.

But, Murthy says, "The Chinese are much more determined than we are." Translated - the Indians are getting lazy and the Chinese are doing the 'Avis' thing...trying harder.

India cannot educate the number of workers it needs fast enough to keep up with global economic expansion. And China is happy to step in and fill the gaps.

click here to continue reading...