Yes. Now there is enough space for everyone in the IT industry. We often talk about outsourcing being the cause of unemployment in the US and other developed countries. This was probably true till last year or maybe even this year; however, this has changed very fast now. Here is what has caused this:
1. Growth rate of IT industry in India
With the growth rate of Indian IT industry not relenting, and the rate of creation of talent not matching it, it is obvious that there is going to be dearth of talent in Indian IT industry. Moreover, the India has not yet become a consumer of IT services in a big way. So, the growth rate is expected to be robust (same if not better) over the years to come. So, this gap between talent demand and supply is going to widen further and there will be no other choice for Indian IT companies except for hiring from US and other countries. Recently, TCS opened a 1000 people center in Ohio, US.
2. Overall economic growth of India
India is fast moving from its status of a 'developing country' to a 'developed country'. So, there is demand for talent and skill (at all levels) in all industry segments in India. Since the demand is coming from all sectors, and the pay scales rising fast in non-IT segments too, there is further dearth of talent in India.
Do you think Indian IT industry will be able to contribute to unemployment in US anymore?
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