> I think the direct impact of these competitions to hiring were minimal.
I can confidently say that this is not the case in India. I have a countless list of people (including myself) who received emails from Google recruiters for advancing to later rounds of Code Jam or securing a top rank in a Kick Start round. Even if people missed out on top ranks, they would put their results on their resume/LinkedIn and would get attention from recruiters anyway. Needless to say, these were strong signals for recruiters, especially for university students. Based on the skewed demand-supply here, they were closer to necessary than sufficient.
I can confidently say that this is not the case in India. I have a countless list of people (including myself) who received emails from Google recruiters for advancing to later rounds of Code Jam or securing a top rank in a Kick Start round. Even if people missed out on top ranks, they would put their results on their resume/LinkedIn and would get attention from recruiters anyway. Needless to say, these were strong signals for recruiters, especially for university students. Based on the skewed demand-supply here, they were closer to necessary than sufficient.