As per the latest reports, the trade association of Indian IT and business company Nasscom will provide over 4 million experts with digital skills over the five years to fill up the demand-supply gap across IT services.
From the past several years, there is a huge surge in the demand for digital skills in India, and it will go up to 20 times by 2024. This demand can be met by expanding digital skills crossways academia. The senior vice-president and chief strategy officer of Nasscom Sangeeta Gupta, and Amit Aggarwal, the vice president, and chief executive, IT-ITeS, was in an interview with Mint. They both said that the company has conducted an examination of the active talent pool and is working with a range of stakeholders across the government, industry, and academia to make a complete education agenda to fill the demand-supply gap.
Speaking on the commence, Amit Aggarwal, VP & CEO, IT-ITeS Sector Skills Council, NASSCOM said, “Around a fourth of the 4.3 million people employed by IT/ITeS/BPO sectors are from non-computer sciences background. Even in core software technology companies, 10-15% of the talent is employed from high-level non-technology disciplines. As we estimate the demand over the next five years, this multi-disciplinary requirement will only increase across sectors,” Aggarwal added.
The demand for digital skills in India is rising and continues to grow 20 times by 2024. A lot of the fresh recruitments in this division will also come from persons with higher skills in social sciences and economics. No doubt in the fact that India’s IT sector has a gigantic pond of digital talent that comprises of definite skill sets, including big data analytics, artificial intelligence (AI), internet of things (IoT), cloud computing, and augmented and virtual reality. But there look likes as there is a vast difference between the demand and supply chain in the digital industry, and to link it Nasscom is equipping over 4 million experts with digital skills over the subsequent five years.
With the growth in the technology trends, the demand for multi-technology professionals is also growing, companies need to provide their employees good training that helps them in boosting their skill sets that costs around $20,000 each candidate internationally. In 2019-20, the employers can provide training to about 180,000-200,000 experts to perk up their digital skills.
For now, the Talent growth will be affected in the current time because of COVID-19, but as soon the conditions get better, and the economy stabilizes, growth is likely to bounce back to arrive at 3.5-3.7 million in 2024.
The corporation will also turn collaboration with diverse academic institutes and colleges to amalgamate fresh cloud and AI technologies into the prospectus, with visualization to make India the worldwide hub for accomplished talent in Artificial intelligence.
In simpler terms, We can say that NASSCOM has played a major part in not just the expansion of the Industry to turn out to be a $180+Billion industry nowadays, but we have helped established the Technological industry in India as one of the most reliable partners, globally. NASSCOM continues to make noteworthy efforts in contributing to India’s GDP, employment, exports, infrastructure development, and worldwide visibility. In the upcoming time, the industry will become the key driver of development, growth, and inclusion for the country.