India is one of the fastest growing economies in the world, and its business leaders are determined to keep the engine working. Recently, in fact, they concluded the annual Leadership Forum to deal with the issues of innovation and scarcity of theme, specially on the IT industry.
John Hagel wrote an extensive article about the conference, and here is how he described the Indian companies’ strategy for talent development: “Indian IT services firms are responding to these challenges on a number of fronts. They continue to invest heavily in scaling their recruiting and training efforts, increasingly branching out and establishing facilities in second and third tier cities in India to reach a broader pool of talent. In many cases, they are establishing development and operations centers in other low labor cost countries.”
Regarding innovation he seemed to get mixed results from the forum: “Another key theme emerging from the discussions at the conference involved the increasing need for innovation in the offshoring business. Unfortunately, there did not appear to be any consistent definition of innovation so, at times, it was unclear what the exact nature of the opportunity is.”
You can read the full article here.