The IT boom (including the phrase IT boom!) has become a cliche. Everybody from the IT chiefs to the politicians to the media says the same things, more or less. Jobs, youth, demand, supply, knowledge economy, Asian Tiger, etc.
IT's as gung-ho as gung-ho can get.
A contrarian viewpoint is very nearly impossible to obtain amid all the hype and hyperbole of the paid pipers of the IT industry. Nimish Pratap Singh alerts us to this piece by B. SIVARAMAN of the CPI(M-L) on "Bangalore’s IT Boom and the Grim Reality of Globalisation in Karnataka". The full text is available on the CPI(M-L) website.
IT Boom Is a false development taking everybody on a ride. So unrealistic and so temporary selling our own young and bright engineers in the name of Knowledge sharing. Take the case of Bangalore which has been cloned to accept the change without bothering the other population. a question has to be asked to the IT captains that how many products they have developed on their own and how many patents they have got. Why not they set up an institute like that of IISC to develop products and to do research on product developmnet which would go long way in developmnet of original contribution . why are they just bothereing only on land and other related issues than developing their own products. I only hope they don’t clone other cities like that of Mysore Mangalore and more. A debate is essential in this regard.
Definitely an interesting read. But, very one sided (I should say left-sided) coming from a CPI guy. I was more than prepared for this when I saw the writers allegiances.
He seems to think that everything in karnataka IT revolution is bad. Really ? Not even one good thing ? How is that possible ? The readers are made to believe that we are all doomed if this trend continues. He talks about the Rs. 500 ticket for a movie in Koramangala (is that the famed FORUM, I’ve enevr been there). How about the call from IT bigwigs for infrastructure improvements in Bangalore. Isn’t that a positive sign, at least ? Some day a metro and a good international airport will be good to the city, not something which we should rue about.
This article is way too biased. His inclinations are way too left.
On another note, look at Russia today. Let’s not go that way, pelase. Of course West Bengal defies all logic in this world, but then, that’s a totally different story.
Being an IT professional myself .I dont agree with the author.
I worked in an premier research organization for some years after graduation
and I was making peanuts .I switched to IT and made myself financially very stable with all that I could ask for. These are the brighter side because I was part of the wave . IF I see outside my breed , I really find people struggling to avail the same comforts which could certainly be a dream .
But one thing I should say ..Bangaloerans are never afriad to spend anymore.
There is always something for people to spend .They are much bold in spending unlike our forefathers who would be afraid to take a loan or feel happy seeying a House built out of savings ( after 25 years of struggle )
I will give you a positive side to his own story. He says there are about 75,000 IT workers, it is wrong it is about 2 lakhs. On an average they earn Rs. 15,000/- per month this translate to Rs. 3000000000 let us assume they all pay 33% Income tax so less Rs. 990000000. That leaves Rs. 2010000000. Let us presume 15% is saved, that leaves Rs.1708500000. Where do you think this money is going. Yes it is going to movies hotels clothes fancy items furniture’s white goods etc., etc. Any business will on an average make 15% profit rest goes back as expenditure, raw material, salary ets., so Rs. 1452225000 actually goes back to circulation. So many a people are part of this supply chain and sharing this amount in various degrees.
So looking at the positive side it is not that bad for a small number of people to spend a huge amount of money. It in fact is helping the economy. Mind you these figures are for month only.