Press Esc to close
Friday 27 March 2015
News updated at 9:06 PM IST
Weather
Max: 34.5°C
Min : 22.3°C
In Bengaluru
Sunny day

Future grim for IT graduates: Educator

Bangalore,  Sept 14, 2013, DHNS :

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

Photo Gallery
An Auto driver seen upset outside theTV showroom as he was watching...

An Auto driver seen upset outside theTV showroom as he was watching...

Angry cricket fans burn the posters of Virat Kohli and Bollywood...

Angry cricket fans burn the posters of Virat Kohli and Bollywood...

Indian cricket fans react as India bats against Australia during their...

Indian cricket fans react as India bats against Australia during their...

Indian supporters wait in the stands following their team's...

Indian supporters wait in the stands following their team's...

India's Virat Kohli (C) and team mates react after Australia won their...

India's Virat Kohli (C) and team mates react after Australia won their...

India's batsmen Umesh Yadav (L) and Mohammed Shami walk off the...

India's batsmen Umesh Yadav (L) and Mohammed Shami walk off the...

Australia's teammates look at India's batsmen Umesh Yadav's face after his...

Australia's teammates look at India's batsmen Umesh Yadav's face after his...

Australian team mates react after they won their Cricket World Cup semi-final...

Australian team mates react after they won their Cricket World Cup semi-final...

Actress and newly appointed AICC National Spokesperson Kushboo...

Actress and newly appointed AICC National Spokesperson Kushboo...

Saina Nehwal at India Open...

Saina Nehwal at India Open...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523