Indian Companies Struggle as Wages Rise
In a country with over 1 billion people, a worker shortage shouldn't be high on the list of concerns for corporate executives. But India, with the world's second-largest population, has a labor shortage in many industries. Even as Mumbai stock market investors suffer whiplash from the global subprime meltdown and worries about recession in the U.S. (BusinessWeek.com, 1/22/08), Indian companies are finding they need to boost salaries in order to attract or retain employees.
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