Service sector is India is booming. Experts say that in the of shoring world, India could be the hub and other asian nations, the spokes. But, china is now catching up with the Indian of shoring industry… at the same time,its manufacturing sector in full fledge. China seems to have realized that any sector, no matter how profitable will slump into recession once it reaches the peak. However, in India, the service sector is still being milked dry, while we actually need to shift our focus toward the manufacturing sectors.
The point however, to be considered, is that china need not be a replacement market for Indian talent but a complementary market for growing business in japan and servicing the local Chinese businesses. But setting up a development centre in china is not that simple. Now, the exit options at the moment are not clear. Even though the cost of a Chinese programmer may be less than that of an Indian programmer, there are other overhead costs which bring the cost of development in china almost on par or above India.
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The point however, to be considered, is that china need not be a replacement market for Indian talent but a complementary market for growing business in japan and servicing the local Chinese businesses. But setting up a development centre in china is not that simple. Now, the exit options at the moment are not clear. Even though the cost of a Chinese programmer may be less than that of an Indian programmer, there are other overhead costs which bring the cost of development in china almost on par or above India.
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