The Future of IT industry in India with Implication on the recruitment scenario
Information Technology has been the force behind the growth of Indian Inc over the last two decades. No doubt they are one of the largest recruiters and exporters in Indian Economy. We rise and tumble with the growth and fall of IT industry as a host of other industries are dependent on them. Say Media and Advertising, Logistics, Human Resource etc.
We will take a short analysis to determine how it will continue to brave the oddities and keep growing in the coming years. If we survive the 2012 ‘end of world’ scare and make it to 2013 what promises would IT industry have in store for us?
- Despite the biggest recession in a century Indian IT industry has continued to show positive growth.
- Despite the Anti-Outsourcing stance by USA (Prez Obama and Senator Charles Schumers mostly) Indian IT Inc has shipped more software and services in 2010.
- Despite the fall in demand from European Countries like Greece, Spain, Italy we have continued to find better markets.
- Despite the Satyam debacle, we are no longer the ‘not so trust worthy’ cheap manpower. We are trendsetters in quality and trust.
Here are some charts to justify the faith in the positive growth of IT industry in the coming years. Thanks to Data Quest for compiling such informative charts.
Top 50 Indian IT firms and their growth factors.
Data Entry Services
With these figures before us, we are convinced that the trends for IT recruitment in the coming fiscal year is going to be very positive. Overlooking certain negative possibilities like Israel bombing Iranian nuclear reactors and starting off a world war of some sorts we are definitely going to hire more Software Developers, IT Managers and similar positions for domestic and international markets.