Most of the magazines published in the west carry a feature on India. Recently, I happened to read this interesting topic in a business magazine. (couldnot find the link)
:Are the programmers overpaid ?:
The article had references to Indian scenario also. Few of the points stated were:
1. In certain regions of India,the real estate boom is because of mid-aged IT professionals
2.They invest in land/house costing 25+ lakhs to save on tax
3.So, middle class earning people and non techie people are left to struggle with the inflation rates.
4.IT boom favors only a section of society
...........
Though its not fair the blame the IT people solely for inflation, they do seem to create an imbalance in the society .We have seen tech savvy chief ministers like Chandrababu Naidu, SM Krishna lose their seats because they concentrated more on the urban upscale population.
A question : Is there a positive influence of the IT salaries on other professions ?
Vatsan's post on Chennai real estate market