Information technology is booming in India. In this 21st century, India is leading in the IT sector worldwide. India has become a technology-driven country, and digitization is at par most sincerely after the ‘Digital India Programme” that Prime Minister Narendra Modi launched on July 1st, 2015. This drive has allowed citizens to be connected digitally and virtually and has positively affected all the sectors in society, especially the business and education sectors. This uprise in technology has had a direct effect on the IT industry of India. According to the Department for Promotion of Industry and International Trade (DPIIT), there are about 50000 startups that have been recognized.

History and Growth of the Software Industry in India

In the 1970s, As the business sector is expanding, so is the IT sector because today, business and education sectors are dependent upon the IT sector for expansion and communication. Up until the early 1970s, there was no such thing as the IT industry in India. The government was more focused on hardware products, but due to demand in 1972, the government formulated a software scheme and started exporting software. TCS Ltd. was the first company in India that officially started software export to the west. In the 1980s, Soon enough, the IT sector had a fall, and the government had to design a policy wherein the IT sector was liberalized, and the hardware import was de-licensed. This allowed growth and removed barriers from the IT sector in India. 

In the 2000s (Stage 1) By this time, the IT sector expanded immensely across the country, and there was competition among companies. Due to liberalization in the IT sector, the Indian economy was open for foreign investments and devaluation of the rupee. Numerous MNCs sprung up in this era. In the 2000s (Stage 2), Due to the recession in the UA Indian IT sector was placed on the global map and had a significant boon. 

Sources for the IT industry in India are:

  1. Resources– The country India has about 1 Billion people and out of which 80% population is technologically skilled, and about 4.5 million people work in the IT sector. Therefore, technological resources are at par in India.
  2. Government policies– India has many beneficial policies for the IT sector, such as fiscal policies, innovation policies, human capital policies, and investment climate policies.
  3. Telecommunication facilities– The telecommunications facilities have improved significantly compared to the past, from landline phones to complete touch screens with 4G and 5G internet. 
  4. Infrastructure– The IT sector does not require one to be in a 9-5 job while sitting in a four-wall office. Therefore, infrastructure is not an issue. 
  5. Technical education- Now, education in technology has become almost mandatory because technology is imbibed in education; therefore, every learner needs to be equipped with technical skills. 

 IT industries in Economic Growth

Government sector

● In the year 2020, the government of India released ‘Simplified Other Service Provider’ (OSP), which was launched to ease the work or IT industry in doing business. 

● According to the Budget of 2021, the government has allocated 7.3 Billion USD to the IT industry in India.

● In the education sector, the government is making its way to launch the Indian language learning app. 

● In April 2021, the government of India has launched innovative technologies such as Automatic Parallelizing Compiler, Cyber Security Operations Center.

● In July 2021, Microsoft and Arun Jaitley National Institute of Financial Management have formed a partnership to build Artificial Intelligence. 

Manufacturing sector

● Due to the Made in India drive, the country has boomed in the manufacturing sector, and with the IT industry, it is reaching its highest potential. 

● In February 2021, Amazon India has announced to manufacture of electronic products in India. 

● In April 2021, Samsung made a decision to move its mobile display manufacturing from China to Uttar Pradesh in India. 

● India has become the hub of manufacturing tech giants such as Toshiba, HTC, and Siemens, with millions of consumers across the country.

● Amazon has also started Amazon Fire TV Stick manufacturing in India. 

Telecom sector

● In December 2020, BSNL, in partnership with Skylotech India, launched a satellite-based Narrowband-Internet of Things for fishermen, farmers, construction, and mining. 

● In July 2021, Bharat Broadband Network Limited invited a global tender for the development of BharatNet.

Marketing sector

● In July 2021, Wipro announced plans to invest 1 Billion USD in expanding Cloud technologies through acquisitions and collaborations. 

● In August 2021, SAP India and Microsoft announced the introduction of TechSaksham to educate young women in technical skills.

Scope of IT industry in India

The IT industry in India is the fastest-growing sector. By the year 2025, India is expected to grow 350 USD. Since IT is the center of all industries, it has the potential for long-term growth prospects in all sectors. Hence, through IT, all the other sectors are booming. In India, there is a large pool of skilled workers and companies. Bangalore, a city in Karnataka, India, is known to be the IT hub of the country. It is also called Silicon Valley. The IT industry has enhanced the business prospects and has enabled collaborations with other sectors to be easy and feasible.

The job growth rate of the IT industry

There are plenty of jobs in the IT industry at present because of the high demand. Now, every company, business, and educational institution requires someone from the IT industry to join them for the growth of their organization, collaborations with other organizations, marketing, and so on. Therefore, if you are planning to build a career in the IT industry, be assured that with high in-demand skills, your future is secure. 

High-in-Demand Courses in India-2021

There are many courses that one can do and learn various skills in the IT sector such as. 

● Java full-stack development 

● Python full-stack development

● AWS

● Cyber Security

● DevOps

● Artificial Intelligence

● Testing and Automation

● Big Data

These are some of the skills as an IT sector personnel you must be equipped with. If you are interested in working in the IT sector, you must check out ‘Pentagon space,’ the best training institute based in Bangalore that teaches all the above courses. The courses are designed to give you complete knowledge of the syllabus in 500 hours. The trainers are well-trained personals with top-notch knowledge about the syllabus. Pentagon space also provides 100% placement; hence, you can be assured about your future after joining the institute.     

IT industry in India- will it create more jobs in the future

IT industries in India 

As discussed earlier, the future of IT industries in India is bright and growing immensely; therefore, there are numerous job opportunities, and more and more people are being hired daily. In every sector, be it banking, health engineering, manufacturing, management, consulting, and many more, information technology has a significant role. Since there is high demand, there is a lot of competition. Therefore, one must be well equipped with skills in the technical field. 

Salary an IT personnel:

● IT consultant-  approx 10 Lakhs per annum

Software engineer– approx 5 Lakhs per annum

● Software developer- approx 8 Lakhs per annum

● Web designer- approx 3 Lakhs per annum

● Android developer- approx 8 Lakhs per annum

Conclusion

Information Technology is the booming industry in India and worldwide today. The IT industry of India has become the world’s 3rd best industry at present. It is still on a hike, and with numerous drives related to technology in India, it will continue to expand. Jobs in the IT industry are many, million and so is the competition; therefore, it is necessary for one to be equipped with skills that are high in demand and be experienced. The rise in the industry is calling for more people to work and have a career, and it will keep increasing because of the high demand. 

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