If US sneezes ,India catches a cold..!!!

This was the phrase used by our Training&Placement head before the campus placement season started.True to his word India not only sneezed caught a high fever too.The company that paid the highest pay last year (11lpa)does not even exist.ECE 9 pointers frantically trying their luck with NTPC and C-DoT.These are stories unheard of here at NIT-T known for its quality placements and industry reputation.But info from other colleges suggest we are faring much better than other NIT's.
All this calls for an introspection.With Wall Street in doldrums and no sign of recovery till next year why are people still mad to go to US?The sky rocketing salaries in the I-banks are a thing of past.With the asian markets stable experts believe the next decade will be that of Japan,China and India.With the majority of asian wing of Lehman bought by Nomura holdings,Japan we are goint witness a new era in world financial market.The Wall Street hegemony for over a decade has come to an end with the fall of Lehman Brothers a 158 year old company.
Hope the Indian banks ICICI,HDFC along with state owned public banks take note of the situation and start gearing up to play a more dominating role in the world financial market thus increasing the Indian presence in the global map and be a soft power.Maybe in a couple of years time we can see an ICICI or SBI in the NIT-T campus offering the highest pay..Good luck to our desi banks:)