We are living in a world where technology is a crucial need of humanity. We are so used to today’s technology that we employ its sources in our day to day life. It is evident from the fact that we are dependent on computers for everything we do and it has made our lives, easier and comfortable. This technology is the greatest boon to our society and one of the major industries in this regard is Information Technology. Information Technology has two subsets, namely IT services and BPO (business process outsourcing). This sector has been a major contributor to the growth of the economy of our country. It is evident in the fact that the contribution of this sector to India’s GDP has grown from 1.2% in 1998 to 7.5% in 2012. This industry has emerged as an asset to Indian economy, in recent years. With the advancement in technology, this industry has made itself compatible, with newest innovations. In late 90’s, this industry was not very common in India, but with the increase in technology and innovation in India and owing to the fact that it was supported by global factors, this industry has boomed.
India has become one of the major IT jobs capitals of the world generating 2.5 million jobs. The youngsters are attracted to this industry because it has a bright future and offers high perks. Moreover, cities like Bangalore, Chennai, Kolkata, Mumbai etc. have emerged as the major IT capitals in India. Bangalore, the silicon valley of India is the major exporter of the IT services in India. Different IT parks have emerged in India and it is still growing, at a high rate. When we talk about careers in these IT sectors, the top companies are HCL, Tata consultancy services, Wipro, Infosys, and Cognizant.
When it comes to employment, this sector has made a major contribution, in India. Many freshers who have completed their engineering are employed in this sector. The industry is growing faster than any other industry in India and it sustains the potential to make this country, a global IT superpower.
If we look at the future aspect of this industry, we can be sure that the IT boom is not going to subside any time soon. Today, India has a booming IT sector, with millions of qualified engineers, to fuel its growing needs. IT has spread its root from Bangalore to other cities of India and is connecting India with the world. India always has an advantage of dedicated workforce, who can interact in English. This provides them an advantage over China, but China is also taking measures, to reduce this void.
India is quite weak at initiating product development. However, the situation will change in coming years. Innovation is the key to development in this field. As research and development go hand in hand, it is very important for India to improve skills and research, which will provide a further impetus to the IT sector.