| Recession might have hit the software recruitments | | | | unemployment and underemployment were so |
| this year. But in general the years starting from 1990 | | | | prominent that there were so many movies made |
| have witnessed an enormous increase in jobs in | | | | over young talented heroes deprived of a living. But |
| information technology sectors in India. In this article | | | | the sudden increase in software jobs turned this |
| lets see the major factors that contributed the | | | | trend upside down. |
| software boom in India, the present trends and the | | | | Software boom not only created jobs but also |
| future of this Industry. | | | | created awareness among Indians to computerize / |
| The sudden increase in the number of software jobs | | | | modernize legacy systems in government sectors. |
| was due following reasons: | | | | For example, Income Tax returns filing has been |
| 1) Government opened the doors for | | | | completely automated nowadays. Also Indian |
| MNC’s to invest more easily than earlier times | | | | government has now ( 2009 ) started a major |
| 2) Abundance of skilled labor who could | | | | project for issuing Unique Identification Numbers to |
| literally work for a compensation that is ten times | | | | Indians ( This can be thought of similar to Social |
| lower than that in US | | | | Security Number in US). |
| Software industry can be broadly classified under | | | | Hence increasing awareness has led to increasing |
| two sectors – Service Industry and Products | | | | demands in domestic market especially in government |
| Industry. Service Industry is the one which required | | | | sector, which in turn is creating a plenty of jobs. |
| extensively maintenance and enhancements to | | | | Thus we are now (2009) witnessing an increased |
| existing systems. For example top banks of US | | | | awareness among Indian youngsters who are choosy |
| outsource extensively to the Indian IT giants namely | | | | of their jobs. Also now there are lots of |
| Infosys, Wipro, TCS and HCL. | | | | entrepreneurs emerging in the Industry. Thus future |
| As more and more US companies started outsourcing | | | | seems very bright for Indian Software Jobs market |
| to India, this created plenty of jobs for lakhs of | | | | which predictably can start proving itself in competing |
| young engineers across the country. Before 90s | | | | areas of product industry as well. |