A overview of IT sector in India

Posted by niket on November 15th, 2020

The Indian IT industry is a service provider to the Western countries primarily.

From the Western worlds perspective, they are getting their money's worth owing to the cheaper billing rate. Billions of lines of codes written here which is running their businesses.

From an Indian perspective:

1. Created a lot of employment for graduates. TCS employs 3lac plus globally of which major chunk works out of India. This inturn was the reason many people ended up doing engineering in 2000s.:D And hence, lots of engineering colleges sprang up in the last decade. No doubt a great boost to the economy as these service providers charge clients in Euros, dollars, pounds etc.

2. Many people travelled onsite and quite a lot settled there. Their remittances also improved people's purchasing power and hence aided the economy.

3. IT changed the faces of many Indian cities - Hyderabad , Bangalore, Chennai, Pune, Noida etc. People now flock to these cities and hence infra and development got far better in these cities. Imagine another 20 cities having becoming major IT centres and how greatly these cities would have developed.

The above is what has happened since the dawn of IT here. What next??

1. The Indian IT industry has matured and kind of has hit a saturation. The kind of growth a fresher has had a decade back in say a span of 5 years of career back then probably won't repeat even in a period of ten years.
The people employed has grown manifolds which means growth stagnation happens and competition grows a lot more.

2. The kind of work done here really is no rocket science. Anyone who is trained on some technology for two months will then start working on live projects. So basically no innovation. Hence, we really are not making any life changing contributions like the kinds people do in the US - Apple, IBM, Quora, Whatsapp etc. Such a waste of talent when we can do so much more if given the exposure and resources. Example: The same engg guy gets his MS and then works in these technology organizations changing the face of the world while the Indian engg guy writes codes, supports their systems working even in shifts bettering their world.

I think that work still continue to be outsourced here probably even more as the baby boomers there are hitting their retirement ages. Businesses are getting more competitive and outsourcing is their leverage for earning more profits.

For Indian IT  companies in Pune, more work, more contracts, more money and hence more profits.

For a person working in one of these service providers, more competition, a slower career growth. Unless ofcourse if one is lucky to have the skills which are much in demand. Working with Indian IT service provider cos really doesn't hold the charm as what it used to be a decade ago.