India Needs another 100,000 Trained Software Engineers

6 May 2007 - 18:40

India's I.T. companies need another 100,000 workers

India is certainly the place to be for I.T graduates. It will be adding tens of thousands of new jobs in 2007 but it seems there are not enough skilled workers available (Tip : If you are looking for a job in an India software company, ask for an extravagant amount of money ! They need you more than you need them and they can afford it.). I.T companies need to find another 100,000 workers. So if you fancy living in India and if you are a trained software engineer now may be your chance.

Last year, due to the significant increase in the numbers of new clients, I.T. companies added an estimated 75,000 jobs.

But the increase in the number of Western companies outsourcing or moving offices to India, means that there are not enough indigenous software engineers to fill all the posts.

According to Partha Iyengar, research director at the Gartner India consultancy group, "Even though numbers are being bandied in terms of how many English-speaking graduates India produces, one of the key issues that we are coming up against now is the fact that there is actually a small percentage of these graduates that are actually employable. As you are faced with a shrinking employable pool, shrinking because of increasing demand, what companies have to do is relax their recruiting criteria. What they are then faced with is having to recruit a much lower quality of resource."

It is claimed that only about 1 in 4 of the 400,000 new Indian graduate engineers meet the criteria of the top companies and according to some recruiters the training offered by many private schools is inadequate. As a result of this shortage, companies are now having to recruit from smaller and lesser-known schools and colleges. Larger companies such as Infosys have created their own training centres to train new graduates.

The National Association of Software Services Companies reckons that there could be a shortfall of 500,000 technology professionals by 2010. Recent results show that net profits for the 5 top I.T. companies, such as Infosys and Tata Consultancy, grew 47% in the year to March.

It is worth bearing in mind that according to a recent survey by McKinsey India will grow into the fifth-largest consumer market in the world, ahead of Germany and Italy.

Household Income to Triple

Over the next two decades, Indian household income will triple and the study also shows that the list of very rich people will be as long as 23 million.

Predicting a population of 1.4 billion, the middle-class will number 580 million and comprise 41% of the population.

Good Lucka and have a nice day !