Boyden: The Sun Rises on the Indian Executive

The Boyden Report examines emerging markets where revenue is growing fast.  In the recent report, Boyden examines the opportunities available in India. India’s GDP jumped 9.4 percent in the 2007 fiscal year—it’s the second fastest growth on record. The growth in the economy is due to an entrepreneurial culture made up of ambitious businessmen and women. 

There are several reasons the pool of talent has emerged. First, the government introduced a tax on businesses that has contributed to an education fund in the country. The tax has allowed India to use its demographics to its advantage. As the US and China’s working-class age population is shrinking, India’s population is growing.  Second, the increase in outsourcing during the 1990s allowed India to successfully demonstrate it had comparatively low-cost workforce that could deliver results.

Recently, the appeal of doing business in India is no longer about the low-cost advantage. The population in India has rapidly developed skills that have turned them into highly valuable candidates. 

It is no longer the case that Indians will jump at opportunities outside of India. For global companies to successfully attract talent from India, they will need to understand the talent that is developing in India. 

The full report is published on Boyden’s website. Read the full report.