Abhishek Kumar Singh
There was a time, about which it is claimed that then India had a reputation in the world as a Vishwa Guru. But for centuries, the image of our country remained that of a country which harbors many types of superstitions. Even in the seven decades of independence, India has not been able to make such remarkable progress that it could be re-established in the status of ancient world master. Even on the strength of the production of big companies, we have not been able to come in the status of countries like China etc. But one thing that has changed the fortunes and image of our country tremendously in the last two-three decades is to prove to be the best of Indian minds in the field of computer, information technology (IT) and management etc.
It was being discussed in our country for a long time as the problem of brain-drain. It has been said that what will happen to India if the youth who have left our best educational institutions continue to leave the country in the pursuit of high salaries from multinational companies and a comfortable life in developed countries.
However, while raising this question, there was no satisfactory answer that if these talents remained in the country or were brought back from abroad, would they really be able to bring any benefit to the home country. Or on their strength some four moons can be put in the fate of the country. But the talents who went out in this era, with their talent and hard work, they have achieved that position in many multinational companies, whose dream every country is looking forward to seeing today.
Especially this miracle has happened in the field of IT and Management, where one after the other, talents of Indian or Indian origin have captured the top positions of various reputed companies. Recently, its discussion has arisen with the appointment of Parag Agarwal of Indian origin to the top post (CEO) of social media company Twitter. Just thirty-seven-year-old young Parag Aggarwal created such an uproar by reaching this position that a storm erupted on social media in the neighboring country of Pakistan.
There, every second-third person on social media started raising the question that if there is any distinction between the international identity of the two countries who achieved independence together, then it can be said that India has earned a name in the world on the strength of its IT and management talents. While Pakistan is infamous all over the world as a terrorist country. Certainly this comparison has created enthusiasm among Indians that if the governments create an environment of excellent education in the country, then India’s sovereignty can be established on the global stage in some areas on the strength of education.
There are many examples of this, where Indian youth have proved their mettle in multinational companies. If we look at recent events, some more names like Jagdeep Singh and Leena Nair can be added to this list of such achievements. Jagdeep Singh has been made the Chief Executive Officer (CEO) of an American company. It has been claimed that his annual salary is equal to that of Tesla CEO Elon Musk i.e. up to two hundred and fifty five billion dollars. Indian-origin Lina Nair has been appointed as the global CEO of a renowned French fashion company.
Names like Satya Nadella, Sundar Pichai, Shantanu Narayan, Rangarajan Raghuram, Arvind Krishna are also included in the list of such names. The qualification of these Indian or Indian-origin professionals is the criterion on the basis of which the reins of many more tech companies are being expected to be given to some Indian. This trust in Indian talent has not been born overnight.
It cannot be linked to the government of any single party established in India, but during the process of economic liberalization and globalization, successive governments formed in the country, keeping in view the global changes, world-class educational institutions like IITs and IIMs have been established in the country. The foundation that he laid, he equipped the youth of the country with such abilities, which proved to be helpful in keeping them ahead in the global competition of talent.
However, it is a bit surprising that this wind of progress has not flowed all-round. The country is still lagging behind in every kind of world-class development. But today we are getting an opportunity to pat our back in the field of Indian Information Technology because of the few organizations that have come out of the red tape and worked to nurture the talent. However, there is also a paradox here that in the areas where Indians are speaking in high jobs of multinational companies, there is still a lack of Indians to form companies or say that they own them in the same areas.
The effect of this is that foreigners own companies like MNCs to which Indians are contributing their intelligence. The situation is gauged from the fact that today the companies on whose strength the 150 billion dollar global and 50 billion dollar domestic IT industry are running are owned by businessmen sitting abroad.
Out of the thirty-five top companies that were ranked in the list of IT companies of Forbes in the year 2019, the first thirty-four companies were from America and one company was from Germany. India’s big IT companies come very low in the global list. Not only this, the list of such Indian companies is also very small, which occupy a significant position in the global business.
This is exemplified by the PwC Global 100 Software Leaders report, which ranked Chinese companies at the top in earnings-based assessment. China was followed by Israel, Russia and Brazil. After these Indian companies were ranked.
This is certainly an anomaly. Our governments are paying attention to this irony, but nothing concrete has been done in this direction yet. The condition today is that most of the new companies being created with the aim of becoming job providers rather than job creators are in dire straits. Barely ten percent of them are able to maintain their existence. That is, during the British rule, India had lagged behind in the race for industrial development, even today success is far away from us.
One more thing is noteworthy. Whenever there is a mention of Indian talent getting a remarkable place in foreign companies, it has to be kept in mind that all this has been possible due to brain drain. If the big companies of developed countries had not opened their doors to Indians, then perhaps we would not be doing this glorification today.
The lesson from this is that if we have to create an environment for setting up big companies like developed countries, that inspiration has to be created to invite talent from all over the world to India. Political will is needed to create the impression that India is a great place to work.
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