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
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
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.
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.