Published On: Fri, Aug 18th, 2017

IT Jobs At Risk In India

The Information Technology industry once thought to be the feted sector in India is now under the worst slump in past seven years, if believed to foreign media. The recent resignation of Vishal Sikka as CEO of Infosys Ltd., the country’s bellwether tech company, is making us believe further the Asia’s number three economy will suffer a faultline.

Experts believe if the current situation continues the segment could blow the current account deficit to the widest since 2013 and it will also put huge pressure on the domestic currency.

Prime Minister’s top economic adviser Arvind Subramanian said, “Indian service companies gained scale over the last decade as the disrupters, creating the modern offshoring industry, but they are now the incumbents, challenged by a slew of specialized and niche start-ups bred in this new environment.”

IT Jobs At Risk In India

In 2014 PM Narendra Modi swept to power with key pledge to create more jobs and the same is also believed to be one of the top issues in 2019 general elections.

The tech industry in the country is crucial dollar-earners, but now seems to be different as United States President Donald Trump has pledged ‘Buy American, Hire American’ and United Kingdom has also increased the visa costs to limit free movement of Indian engineers.

Apart from all these, the automation has threatened 69 percent of jobs in the country and if believed the the executive search firm Head Hunters India about 175,000 to 200,000 tech jobs will be lost each year in India through 2020.

About the Author

- Paul Linus is an eminent online journalist who has been writing news, features and editorials on different websites from across the world for about a decade.

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