"Today, we regret to inform you that you are spoiled," wrote Mohit Chantra, an Indian partner for the multinational corporate, in his article 'An Open Letter to India's Graduating Classes,' published in The New York Times. It was a wake-up call for India's new job market entrants and 70 percent of the readers of The New York Times article agreed to the facts that were put forth by the author. In the concluding lines, he wrote, "don't expect the gravy train to run forever, and don't assume your education will take care of you. Rather, invest in yourself - in language skills, in thirst for knowledge, in true professionalism and, finally, in thinking creatively and non-hierarchically." Looking back to the past, early 80s was a difficult time for Indian graduates due lack of employment opportunities in the country despite good academics and scholastic abilities. The next decade saw gradual improvement as the economic reforms in 1991 helped Indian job markets in regaining its...