A decade ago, if you ask a person in India what IT meant, the most probable answer would be Income Tax. But now the answer is changed. It’s Information Technology.
The dotcom bubble in the west during late 90s changed the way the business happens. Eventually to support such a great change in business, IT marched ahead and landed on the shores of India.
Grabbing the potential resources available, it changed the landscape of Indian cities through the concept of STPI. Bangalore and Hyderabad are not the cities which they used to be two decades ago. The advent of IT industry in Indian economy created a spur of economic activity in these two beautiful Indian cities. But how long this growth trajectory surges ahead remains unanswered.
Here based on my experience, I compiled few facts and false propagandas surrounding around the IT boom in India.
Fact 1: It’s a footloose industry.
It can be replaced anytime and anywhere by anybody irrespective of the local conditions and concerns.
Fact 2: Too much export orientation.
Major portion of Indian IT is dependent on US economy. So, if US federal economy sneezes, India definitely catches cold.
Argument 1. Brain Drain.
Few people argue that IT industry has overshadowed the development of other sectors and caused brain drain by luring fresh graduates from other disciplines into it. The fault is with education system not with IT sector or its most clever HR executives.
Argument 2: Polarization of growth.
Why does IT industry is concentrated only in metros? Why can’t it penetrate into tier 2 cities? Yes, it can only when good infrastructure welcomes them.
Argument 3: Indian IT industry is shortage of man power.
No. There are several engineering graduates desperately waiting for jobs. But you need to train them.
There is a saying. If you throw a stone into air in Bangalore, chances are there that it may hit a dog or a software engineer and in Chennai most probably it will hit an engineering student. That’s the impeccable relationship between Indian IT industry and its Engineering students.
Even an Electronics graduate knows COBOL, Java, C, C++, SQL, Teradata, RDMS, JCL and tools like Informatica, MS SSIS. If he doesn’t he will learn, Like me.