BPO and Indian youth
The advent of IT age was a great boon on the students of India. Now they could stop cribbing that there is no money for the highly educated youth and that business is what takes you places.
Even then IT jobs, specially the ones in the MNCs and in the Indian giants like TCS and Wipro were accessible only to the engineering graduates. So the rule was simple, either get an engineering degree (preferably Computer science) or ...
With the advent of BPO things changed. India has an army of English speaking graduates. So the mere fact that they can converse fluently in English got them a job with a 5-7000 rupees salary. Though this is not much, but good enough for most fresh graduates to buy financial freedom.
I met a guy from Jalpaiguri. If you do not know where that is then don't be surprised most Indians do not. Its a town in West Bengal at the foot hills on Himalayas. He did graduation in Commerce. Then a recruiter went to their town(!!!!) and took interviews and he landed himself a job in Delhi. He is now in the collection department in Dell, calling people all over US asking them to pay up their dues.
This is amazing; couple of year back he would have to be content with finishing his Masters and then running around offices looking for jobs in Kolkata. After a lot of perseverance he would have got one as a sales representative. Which gives me another thought, how many sales representatives in US or the developed countries have crossed high school !!!