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Showing posts from October, 2008

Made by a paid maid

As the world's economy melts and the true result of unfettered capitalism is being experienced by sociologists; and as the investment banking sector is just disappearing from the face of the world dousing the hopes of hundreds of aspiring graduates from top business schools of the world, there is one unexplored sector in India that continues to deliver double digit growth and is a potential next big thing after investment banking. This sector is right now highly unorganized, mostly dominated by extremely skilful and tactful, though underpaid, labor force whose efficiency could only be matched by their effectiveness. No, I am not talking about our IT industry here (which is now highly organized). The focus is on the servant maids who work in most of our homes. It is hard to miss the similarities between the two sectors though. The high dependence on people, lack of skills or interest in-house to perform the job thereby necessitating outsourcing, availability of resources with needed