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“The average IT/ITES growth may be around 15 per cent in the country" (View Comments)
Sheetal Srivastava
Posted On Thursday, February 12, 2009 at 10:32:26 PM
1) What is the current market scenario of IT companies in India?
Currently, consolidation is happening, and this is likely to increase further. IT companies will experience smaller year on year growth and there will be additional focus on governance and compliance.
Moreover, the focus for most firms will now be on controlling operating margins and on additional geographies since business won’t come from the usual sources like the USA.
2) What are the different job roles available for software professionals in the industry?
The IT industry has a plethora of jobs for people in both specialist and the generalist streams. These roles include the following:
• Engineer Role - Implementation, Coding, Testing, System Support
• Architect Roles – Design architecture
• Product Manager Role – Product / People Management
• Subject Matter Expert Role – Domain based / Business Analyst
3) Where do you see IT & ITES in terms of size and scope? Could you give a rough estimate?
Assuming the currency is constant (with no major swings) the average IT/ITES growth may be around 15 per cent.
4) Do you think academia is providing sufficient knowledge to software professionals?
No, academia is not providing sufficient knowledge. The focus on engineering aspect is missing and the concepts taught are obsolete. To make matters worse, there’s a dearth of qualified instructors and good infrastructure.
The blessings in disguise are the Finishing schools that are bridging this gap, along with major IT companies absorbing students from these schools during the last semester of the curriculum.
5) Do you think the Indian IT sector could be sturdy in years to come?
Yes, though year-on-year growth will be slow for a year or two, long term opportunities are still great for India. According to the latest report released by IMF, India and China are the only sizeable economies likely to record growth rates of over 5 per cent.
Moreover, India is no longer considered for costs arbitrate, it is now sought after for its ‘Value Proposition’ (both from IP and Solutioning perspective). Also, Sops from Indian government continue to be encouraging. The Indian government has opened economy for trade and investment and dismantled controls, lowered tariff, dropped Tax rates (SEZ, STPI). Moreover, the R&D / Captive investment is high and Talent pool is rock solid!!
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