END OF THE SUNSHINE DAYS??

I had aspirations to study Physics as I was taken in awe by the vastness of the Universe as well as the smallest dimensions of atoms and its particles even though I knew well enough that the mathematical background needed to understand it was poor. Thanks to my Physics coaching master, the urge to study the queen of sciences was growing. Finally I landed up studying Engineering though not by choice specializing in Electronics and Communication after rounds of constant brain wash by parents and relatives. The reason given was the defined and immediate job opportunities it would provide given my ‘middle’ middle class background (this was in 2004 and IT was booming). With the same fervor which I would have put if I had done Physics I pursued the course and as expected I was recruited into an IT MNC with a handsome pay package early on in my pre-final year. It was a proud day for my father as I was the first Engineering graduate in the family and more proud and happy by the fact that my starting compensation was nearly the double of what he currently earns after more than three decades of working. A year has passed since the offer was made and more than four months have passed since my graduation and I am yet to receive my posting orders. Months of waiting has paved the way for frustration and dejection. Similar fate is shared by most of the freshers who have passed out in 2008 and were given offers in IT companies with the exception of a privileged few from premier educational institutes. Even after constant promises from companies that offers would be honored dark clouds looms large with the current global economic turmoil. Over dependence of both our economy and the rising work force on the IT industry has led to this poor state of affairs. Our failure to concentrate on other growth areas such as manufacturing, agriculture, production etc has added to the woes resulting in inflation that has led to drastic organizational measures and restructuring like cost cutting and employee layoffs. News of employee layoffs by IT concerns has become the order of the day sending shock waves across the population of new blood of expectant pass outs. Are these the hours of darkness in the sun-shine industry?