Recession might have hit the software recruitments this year. But in general the years starting from 1990 have witnessed an enormous increase in jobs in information technology sectors in India. In this article lets see the major factors that contributed the software boom in India, the present trends and the future of this Industry.
The sudden increase in the number of software jobs was due following reasons:
1) Government opened the doors for MNC's to invest more easily than earlier times
2) Abundance of skilled labor who could literally work for a compensation that is ten times lower than that in US
Software industry can be broadly classified under two sectors – Service Industry and Products Industry. Service Industry is the one which required extensively maintenance and enhancements to existing systems. For example top banks of US outsource extensively to the Indian IT giants namely Infosys, Wipro, TCS and HCL.
As more and more US companies started outsourcing to India, this created plenty of jobs for lakhs of young engineers across the country. Before 90s unemployment and underemployment were so prominent that there were so many movies made over young talented heroes deprived of a living. But the sudden increase in software jobs turned this trend upside down.
Software boom not only created jobs but also created awareness among Indians to computerize / modernize legacy systems in government sectors. For example, Income Tax returns filing has been completely automated nowadays. Also Indian government has now ( 2009 ) started a major project for issuing Unique Identification Numbers to Indians ( This can be thought of similar to Social Security Number in US).
Hence increasing awareness has led to increasing demands in domestic market especially in government sector, which in turn is creating a plenty of jobs.
Thus we are now (2009) witnessing an increased awareness among Indian youngsters who are choosy of th! eir jobs . Also now there are lots of entrepreneurs emerging in the Industry. Thus future seems very bright for Indian Software Jobs market which predictably can start proving itself in competing areas of product industry as well.
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1 nhận xét:
Software industry is growing by leaps & bounds and so is the job market, nice informative post, thankyou!
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