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IT Industry, Careers & GNIIT
The booming IT industry in IndiaThe industry with the maximum potential in India is undoubtedly the relatively young IT industry. In fact the past decade has witnessed the unfettered growth of information technology industry in India. Just take a look at what characterizes its success story:
- One of the fastest growing industries in India, growing steadily at almost 30% for the last 4 years
- India is amongst the fastest growing IT markets in the Asia- Pacific region. Post the economic reforms in the 90’s, the total revenue of the industry reached $100 million. By 2006-07, it escalated to $47 billion, catapulting the Indian economy to leadership in the global IT-ITES space
- In 2007-08, the industry grew at 27% to gross USD 48 billion worth revenue. The future looks equally, if not more, promising with revenue expected to grow to $148 billion by 2012
- This sector contributes to 5.4% of the nation’s GDP
- Software engineering has been rated by The Week-IMRB Survey as the most sought-after career with higher pay and international exposure being the driving force.
- IT plays a vital role in virtually all industries of India be it Manufacturing, Banking & Finance, Pharma or Retail.
IT Industry – Exciting Growth
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Opportunity knocks in IT: Demand for qualified personnelIT is undoubtedly one of the largest job creators in the country today. The scope and magnitude of these jobs is mind-boggling. And it is growing by the day. According to the NASSCOM Strategic Review, which analyses national and global industry trends, more than 8, 50, 000 IT jobs will emerge by 2010.
But where opportunity really lies is in the fact that IT today faces a huge shortfall in the number of trained professionals required. While jobs are multiplying, people with the requisite skills to man these jobs are not increasing at the same pace. Hence, demand for qualified people is immense.
IT professionals with specialised training are the most sought-after professionals today with companies vying to recruit them. The escalating trend towards global outsourcing, IT applications in multi-national banks, remote management of IT infrastructure and Business Process Outsourcing have only contributed to the demand.
A shortage of skilled IT manpower has also resulted in salaries hitting new highs. According to Dataquest*, the average salary in the IT sector grew by 17% in 2008 with almost 50% of employees with less than 2 years of experience drawing a salary of Rs. 2-3 Lakhs per annum.
But being trained in IT is just the first step. To really make a positive difference to one’s career, specialised training is required that will make you industry-ready from day one. Technology has evolved dynamically to match ever-increasing challenges and demands across industries and IT professionals need to be abreast of such changes. To kick start a rewarding career an edge is essential – the GNIIT edge!
The new industry-endorsed GNIIT program is your chance to make a mark in the IT sector and soar high. Indeed, based on the trends over the past few years, GNIIT-ians can be assured that by the time they graduate, they will have a selection of IT jobs to choose from.
* September 2008 issue | |
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