My fav. portion from the Premji interview in NYT

I think when you combine the line below with the fact that the need for engineers is bound to grow both from product development as well as from technical support due to technology's prevalence in our day to day life and the expansion of the market across the globe, the shortfall then sinks in.

Of course, I still feel what we have to improve is the quality of engineers in India as that is still way below that of those being produced in the United States.

Excerpted

The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity and reduce work cycles. The West is not producing enough engineers. The United States will produce 75,000 engineers this year; they will produce more sports therapists than engineers. Germany, the great engineering power of Europe, will produce 35,000 engineers this year; they will produce more architects than engineers. Western companies want access to Indian talent, that is why they outsource, that is why they come to India to set up base.