- India has warned that it is intent on winning thousands
more Scottish financial sector jobs in its bid to become "the back
office to the world".
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- Kiran Karnik, president of Nasscom, India's software
and services industry association, told the Sunday Herald that "the
sky is the limit" in what India could attract.
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- With 100,000 people working in the Scottish financial
sector ñ one of the economy's successes ñ the new wave of
low-wage economies is set to put at risk many jobs done on computer which
can be done remotely.
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- Karnik said the next wave will see accountancy, legal
and financial analysts' jobs being taken by Indian graduates in those disciplines.
Their salaries are less than half those of Western counterparts.
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- "These guys know accountancy, have computer skills,
they speak English, they're ready and willing, and that combination is
a killer," he said.
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- With around 2.5 million Indians graduating from higher
education each year, Karnik reckons that more than a million are suitable
for "offshored" information economy jobs.
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- ©2003 newsquest (sunday herald) limited. all rights
reserved
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- http://www.sundayherald.com/38363
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