Sociological Environment in India

Sociological Environment in India

Sociologically the environment in India is one of growth and advancing intellectually. As mentioned before, the country has over one billion people and continues to grow. This creates a huge pool to pull from. India has been a major country for companies in other countries to outsource to. This is not only due to cost advantage, but also to an education advantage. The Indian people are emerging as a learning people and the potential for success in this kind of environment creates a strong foothold for any company. It’s interesting to note that ONGC employs approximately 40,000 workers in India. Compared to the amount of people that India has this number is not staggering. But this is still a large workforce under one company and could be used for leverage when making decisions with the government. This does not mean the company has been good to work for though. The company was recently scrutinized by the GoI
because “attrition over the last one year has been the highest in the past five years and 328 professionals have left the organization.” And that “the main reason for this was the inability of ONGC to meet compensation packages being offered by the industry.” This is not a good spot for ONGC to be, not only because they are losing valuable workers, but also because it is getting them into even more trouble with the government.