Information Technology

IT Industry in India
Will it Create more Jobs in Future?

In the year 2021, BPM and IT industry in India about 35 million people are employed directly and indirectly. Direct employment in the IT sector is generated by computer hardware and software industries. The indirect employment generation takes place through the adoption of information technology in other industries.

India and other South Asian countries areas preferred offshoring destinations for many IT companies. In the same year, the IT industry contributed 8% of the GDP. Information Technology is growing faster than ever in recent years not just in India, but throughout the world. There is a noticeable growth in the revenue fetched by E-commerce in the IT-BPM sector in India and the growth of IT/BPM will continue to mature in line with the earlier trends.

Information Technology

Hiring Trends for IT Industry in India

The Information Technology sector is labor-creating as well as labor-saving. As against the earlier belief that IT would result in massive job destruction, the last twenty years demonstrate how the IT industry absorbed a large population into its employment.

Being a catalyst for the growth of many types of businesses, IT has strengthened many other sectors of the economy. Education, financial services, insurance, and health services have all adopted information technology, to provide better services and the demonstrable benefits can be seen through IT employment in these sectors as well. IT has constantly contributed to the growth of employment and skill up-gradation in workplaces.

IT is maturing and is strong because businesses are focusing on developing technology strategies. This optimism can be attributed to:

  • High demand for skills is a consequence of realization and the vitality of technology to businesses.
  • The long-term trends being adopted by corporates towards strategic thinking and digital transformation.
  • A diverse range of skills can be explored inside the IT sector. As the technology sector becomes more complex, more new staff is often needed for the specialized roles. Emerging technologies like the Internet of Things and Artificial Intelligence cannot be implemented directly but this needs more people with familiarity with these fields.
  • The overall perception about driving in technologies to businesses is that it drives benefits to both employees and society. 
  • With the companies maturing in technology usage, demand can be seen in all the four IT pillars i.e. IT framework, software development, cybersecurity, and data infrastructure.

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