Recently NASSCOM reported that IT and ITES sector in India, annually grows at the rate of about 25% and sustains nearly 2 million jobs. Indian IT – ITES sector is its flagship economy builder and every single rupee spent by IT-ITES sector accounts for two rupees in Indian economy. The Information Technology – Information Technology Enabled Services sector is fast changing overall Indian business standards. In addition, every job created in IT-ITES sector accounts for creation of four jobs in rest of the economy. That is very giant leap by Indian economy, thanks to the IT-ITES sector. IT-ITES sectors include companies from software development, consultancies, BPO (business process outsource), software management and online services. These are fastest growing industries and are favorites among the new graduates and students. Career in IT-ITES Sector is very lucrative and one can attain high success in this versatile and vast field.
Scope of IT-ITES industry in India
There is very bright scope for IT-ITES industry as it is strongest industry sector in India. Today the exports for the IT-ITES sectors are growing with increasing rate and the overall global market is very healthy. If one needs to know what the scope of IT-ITES sector is, just have a look at the quarter end financial results of the IT-ITES sector. The reports are outstanding and it seems that the rise of the IT industry is not going to stop so easily.
Recently, economic survey revealed that IT-ITES sector created almost 3 million additional jobs this year and number will go on in the immediate future. The main reason behind this is that, the requirement is far more than the current supply of the technical manpower. Thus, the scope for the sector is enormous in India. As the requirement is huge, more and more colleges and courses are offered to meet the manpower needs of the industry. Because of this, more and more students in India are opting for a career in IT-ITES Sector. However, according to some of the top industry experts, the attrition rate is high making jobs in the IT-ITES sector vacant. Moreover, the gap between demand and supply of skilled employees is cause of concern.
Companies providing jobs in IT-ITES Sector in India
Because of dedicated hard work and effective strategies of the IT companies, India has made a global mark in world trade. Some of the flagship companies that are providing good career in IT-ITES sector are – Infosys technologies, TCS, Wipro Technologies, Tech Mahindra, Persistent, Cognizant, Amdocs, Cybage, Castech, HCL technologies, Satyam Computers, Patni, Mphasis, Convergys, Firstsource solution, L&T Infotech, Genpact, Intelnet Global services etc.