Press Esc to close

Future grim for IT graduates: Educator

Bangalore,  Sept 14, 2013, DHNS : 23:52 IST
Even though Bangalore prides itself as the IT capital of India, it seems all is not well in the sector, according to Dr Ravishankar from the School of Business and Economics, Loughborough University, United Kingdom.

Speaking at the second annual “International Education Summit, Adhiyapan 2013” organized by the Shruth & Smith Foundation, Dr Ravishankar laid down bare a few facts explaining that the future is grim for IT and that future computer engineering graduates can expect the shrinking job avenues. “IT firms in the country used a workforce of around 33,000 to generate a revenue of $ 1 billion dollars in 2003,” he said. “But by about 2012, they needed a workforce of only 19,000 to generate an additional $ 1 billion.”

He added that there are around 5,000 engineering colleges in the country and in the last year alone, as many as 7.5 lakh computer engineering graduates passed from these colleges. “The number of jobs in the IT and manufacturing sectors amounts to about 1.5 lakhs,” he said.

Between 2003-08, the IT sector was growing at an exponential rate of 33 per cent. However in the last five years, it grew only at a rate of 14 percent, according to Ravishanker.

Highlighting the present scenario of the rapid privatization of education in the country, Ravishankar said that while privatisation was needed in education it had to be done gradually and with a proper plan. “There needs to be proper sequencing and pacing,” Ravishanker said.

Go to Top

More from this section
Most trending stories
Photo Gallery
People celebrate Latthmaar Holi in Barsana near Mathura on Saturday...

People celebrate Latthmaar Holi in Barsana near Mathura on Saturday...

An olive ridley turtle makes nest to lay eggs during mass nesting at Rushikulya of Ganjam...

An olive ridley turtle makes nest to lay eggs during mass nesting at Rushikulya of Ganjam...

A girl with umbrella sells vegetables during light rains, at the banks of Dal Lake in Srinagar...

A girl with umbrella sells vegetables during light rains, at the banks of Dal Lake in Srinagar...

Actor Rani Mukherji poses with differently-abled children during Hichki Teachers Award...

Actor Rani Mukherji poses with differently-abled children during Hichki Teachers Award...

Artists perform on the ocassion of 'Fag Mahotsav' ahead of Holi festival at Govind Dev Ji Temple...

Artists perform on the ocassion of 'Fag Mahotsav' ahead of Holi festival at Govind Dev Ji Temple...

People celebrate Latthmaar Holi during the Latthmaar Holi celebrations, in Barsana near...

People celebrate Latthmaar Holi during the Latthmaar Holi celebrations, in Barsana near...

Policemen are surrounded by teargas during an anti-facism demonstration in Milan, Italy. Reuters

Policemen are surrounded by teargas during an anti-facism demonstration in Milan, Italy. Reuters

A teakwood display team of Army Service Corps displays their skills during a horse show at...

A teakwood display team of Army Service Corps displays their skills during a horse show at...

A teakwood display team of Army Service Corps displays their skills during a horse show at ...

A teakwood display team of Army Service Corps displays their skills during a horse show at ...

Congress President Rahul Gandhi, Karnataka Chief Minister M Siddaramaiah, Senior leader...

Congress President Rahul Gandhi, Karnataka Chief Minister M Siddaramaiah, Senior leader...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.