Boom has catapulted India into the big league. With significant global attention focused on the sector, the future holds great promise. According to the National Association of Software and Service companies (Nasscom), the apex body for software services in India, the revenue of the IT Companies has brown from 1.2% of the gross domestic product (GDP) in financial year (FY) 1998 to an estimated 5.5% in FY 2008. The net value added to the economy by this sector is estimated to be 3.3% to 3.9% for FY 2008.
With the increase in opportunities, the demand for skilled human capital is also on the rise. Shortage or trained talent is a problem that plagues the Indian IT sector as a whole. Nasscom has warned that India would face a shortfall of half-a-million skilled workers by 2010. Ironically, the country produces a significant number of graduate and engineers each year –3.1 million university graduates that include 5,00,000 engineers. Sadly, most of them do not possess the right technical and communication skills required by the industry. The ones that do, either go abroad for higher studies, stray towards lucrative jobs or set up their own ventures as entrepreneurs.
According to the All India Council of Technical Education (AICTE), the number of technical schools in India, Including engineering colleges, mba education colleges has more than trebled in the last decade, However, one also has to consider the fact that only a small percentage of the country’s youth pursue higher education. According to the ministry of human resources.
Companies such as Wipro and Infosys Technologies also invest huge sum of money each year training new recruits. Wipro’s Mission 10X , launched last year, aims to shift the paradigm from teaching to learning and transform the learning culture in engineering institutes. Through the initiative, Wipro plans to train more than 10,000 faculty members in 1,500 engineering colleges over the next three years.
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FINISHING SCHOOL TRAINING
Cisco Networking Academy incorporates hands-on experience when teaching students about computer networks. The Cisco networking Programme offers various curricula such as CCNA, CCNP, network security and fundamentals of wireless LAN, which cover the principles and practice of designing building and maintaining networks capable of supporting national and global organizations. The academy provides project-driven training in high-demand job skills. There is an attempt to bridge the digital divide by offering technical education in rural areas including technologically backward states like Jammu & Kashmir and Manipur. The academy also focuses on bridging the gender divide by focusing on training women.
While these companies have been taking impressive strides in the training domain like diploma in IT and online it degree. Indian IT training majors such as Aptech Ltd and NIIT have laid the ground work by training students for careers in the software industry over the years. Various career courses that prepare students for jobs in the IT services industry for software related jobs in the IT services industry for software related jobs, computer companies for hardware and networking professions user industry for designing and implementing IT applications, design industry for use of multimedia and graphics and the BPO industry for back-office and communication oriented jobs.