Future of IT companies In india after Covid-19

Future of IT companies In India after COVID-19

We all know that in India IT industry Ranks one of the most valuable industries.

where Market Size

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The IT-BPM sector in India stood at US$177 billion in 2019 witnessing a growth of 6.1 percent year-on-year and is estimated that the size of the industry will grow to US$ 350 billion by 2025. India’s IT & ITeS industry grew to US$ 181 billion in 2018-19. Exports from the industry increased to US$ 137 billion in FY19 while domestic revenues (including hardware) advanced to US$ 44 billion. IT industry employs 4.1 million people as of FY19.

Spending on information technology in India is expected to reach

Revenue from digital segment is expected to comprise 38 percent of the forecasted US$ 350 billion industry revenue by 2025.

But

After COVID-19 we can’t expect that even in our dream.

90% of IT jobs are foreign client base jobs where US hold 50% and Europe holds 40% & rest 10% is from India and other nations.

Now the question is who will going to lose their jobs.

If you study carefully all the geographical aspects as well as the cost of living of each city.

You will find that most of the costly cities have the IT sector except one. i.e. Kolkata. Where same work is done by an IT professional of Bengaluru fetches more salary than a professional of Kolkata.just like a government job

And it is obvious that foreign clients will not pay that much what they paid in earlier. According to this data, we can ensure that employees living in costly cities are carrying more risk than an employees of less costly cites.

As per PTI nearly 20% of IT employees of IT industries are going to lose their job.

Now the question is where you belong to?

Hay I'm not finished yet.

Research teams at @Microsoft, the Indian Institute of Technology, and #TCS Research have proposed leveraging #AI to help supplement policy decision on lockdowns, closures, and physical distancing to help #FightCovid19#StayHomeStaySafe

Find out more: https://t.co/E4U0ojccEs pic.twitter.com/a9bCUoTAJK

— Tata Consultancy Services (@TCS) April 13, 2020

 It may be good to implement AI in this situation. But we all know what going to be happen next in near future. Definitely, AI will take our Jobs.

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Hi, Myself CMA Mousam Roy having more than 5 years experience in commerce field,teaching field as well as professional field with working with PSU and big Firm.