The Economic Times — Now, US & UK Techies Try Their Luck in India, 21 January 2004

The Economic Times, 21 January 2004 — "Now, US & UK Techies Try Their Luck in India" · Economy: On the BPO Trail · By Sumeet Chatterjee, IANS

Publication Details

Publication
The Economic Times, Mumbai Edition
Section
Economy — On the BPO Trail
Date
Wednesday, 21 January 2004
Journalist
Sumeet Chatterjee
News Agency
Indo-Asian News Service (IANS)
Organisation
Talent Hunt Private Limited

An Unexpected Shift in Global Talent Movement

In January 2004, India was widely seen as a country that exported talent to the developed world. Outsourcing was triggering political debate across the United States and Europe. The conversation was about jobs leaving the West.

Anil Mahajane was observing something entirely different — professionals from the US, UK and South Africa were beginning to contact executive search firms in India, enquiring about career opportunities in the country's rapidly growing technology and outsourcing sector.

"Till a few months back, we were getting regular job queries from expatriate Indians who wanted to move back to India. But we were also taken by surprise when overseas professionals from countries as far as the US, Britain and South Africa also started to call us up to inquire about job opportunities here. This has now become a trend."

The Observations

"With many leading global technology companies now moving high-profile jobs to India, the country has become an attractive job destination." — Anil Mahajane, The Economic Times, January 2004
"Earlier only call centre jobs were coming to India. But now as companies start to ship high-end research and senior managerial jobs to India, foreign workers see huge opportunity for themselves here." — Anil Mahajane, The Economic Times, January 2004

The interview also noted that demand was strongest for middle and senior management positions, and that overseas professionals were willing to join both multinational corporations and leading Indian companies — a significant indicator of India's growing corporate maturity.

A Prediction That Proved Remarkably Accurate

When this article was published, these observations appeared counterintuitive. Two decades later, they read as an early and accurate map of where India's economy was heading.

1,800+ GCCs in India today World's largest IT workforce Global leadership teams across industries Published 2004 GCC boom: 2010s–2020s

India has since become the world's leading Global Capability Centre destination, hosting strategic operations for multinational corporations across banking, technology, healthcare, engineering and dozens of other sectors. Thousands of international professionals now work and build careers across India's technology, consulting and leadership ecosystems.

This interview stands as an early historical record of India's transition from outsourcing destination to global talent hub — documented in one of India's most widely read business publications at the moment the trend was first emerging.

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