This relates to business cycles in several production/services sectors. IT is a service sector. IT sector had very good demand initially because of several such reasons as less international competition, low wages in India; though high in the Indian context but low in international context, limited supply of IT work force, etc. This has taken us to unplanned expansion of IT education right from Certificate courses - Diploma- Degrees (both Engineering and Sciences streams), BBA/BMS, MBA/MMS/PGDM, MCA. Now the IT/MCA/MBA prgs are less in demand.
In fact, Indians started thinking for soaring wages due to IT work force wages! This has reflected in V, VI and VII Pay Commissions (see wages under iV Pay Commission). For instance, today in any Institute of Higher Education (public/private) 60% faculty draws pay in the range Rs 80,000- Rs 1.5 lakhs pm and remaining in the range Rs 40,000 to 70,000 pm.
Obviously, no wonder, if IT sector work-force demand is decreasing while we are unable to create jobs in other sectors like manufacturing, pharmaceutical, food processing, chemical, housing, etc., rather these sectors are simply neglected as if they are not wealth creating!
Regards,
Dr. P H Waghodekar, PhD (Egg), IIT,KGP, IE&M, 1985,
Advisor (HR), IBS & PME (PG)
Marathwada Institute of Technology,
NH 211, Beed by pass road,
Aurangabad: 431010 (Maharashtra) INDIA.
(O) 02402375113 (M) 7276661925
E-Mail: waghodekar@rediffmail.com
Website: www.mit.asia
and
Chairman, Advisory Board, MTC Global, Bangalore.
Engineering & Management Education: An Engine of Prosperity.
Classroom teaching must match with Boardroom needs!
From: Jagan Mohan Reddy
Sent: Mon, 28 Nov 2016 12:01:09
To: "join_mtc@googlegroups.com"
Cc: "exclusivembaglobal@googlegroups.com" <exclusivembaglobal@googlegroups.com>
Subject: [MTC Global] IT Sector as a source of Employment drying up?
Business growth has been teetering. From 13.9 per cent in 2013-14, IT export growth has dropped to 10.2 per cent in 2015-16 and is estimated to fall further to 8-10 per cent in 2016-17. Also, new-age technologies, including automation and artificial intelligence, are trimming manpower requirement. In the past five years, while IT exports have grown at an average 13.7 per cent annually, the headcount growth has been only 8 per cent.
Source: The Hindu Business Line,28/11/16ay.
It's time graduate engineers start looking for alternative avenues. And it's time for the manufacturing sector to rise to the occasion and offer opportunities. All the stake holders including government, industry etc need to put their brains together so that make in India will not remain merely as a dream .
Jagan Mohan
The views expressed are individual and not necessarily MTC Global also share the same views.
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