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Large Pool of Professionals |
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India has the second
largest assembly of English-speaking scientific professionals in the world today, second
only to the US. It also has a growing bank of 4.1 million technical workers, supplied by,
among others, over 1,832 educational institutions and polytechnics, which train more than
67,785 computer software professionals every year. This includes the graduates passing out
of the prestigious Indian Institute of Technology (IIT), where the quality of technical
training is comparable to the best of the educational institutes in the world. Business
Week's cover story in the issue dated December 7, 1998, profiling the whizkids from the
IITs, detailed how the alumunus of these T-Schools are growing into business leaders
across the US, from Silicon Valley to Wall Street.:
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- The number of software professionals employed have increased to 250,000 in 1998-99
compared to 2,00,000 in the preceding year. This includes software professionals in
non-commercial organisation as well as software development units in user organisation
- Almost 67% of the software professionals employed in the industry were in software
development and operations, 3% in domain expertise development, 11% in marketing and
relationship development, 15% in client support and 4% in other activities.
- The overall median age of the software professionals was about 26.2 years.
- 77% of software professionals in software companies were men, whereas 18% were women.
However, this ratio is likely to be 65:35 (male : female) by the year 2003.
- More than half of the software professionals possessed 5 years of working experience.
- There was an average of 21% rise in basic salary in 1998 over the previous year.
However, rise in total compensation was supported by issuance of stock options to
employees. During 1998-99, as many as 41 software and solutions companies announced
employee stock options plans.
- Indian software professionals were highly rated by their employers for their quality.
Most gave an average of close to a 9 on a 10 point rating scale, with 1 being the lowest
and 10 being outstanding.
- The skills in demand were in the area of business applications of software development,
Y2K tools and practices, E-Commerce, Euro, software engineering, Java, ERP, Interactive
Integration Services, Datawarehousing, Internet, Client-Networking, BPR, OOPS,
client-server, GUI, Windows, project management, quality assurance, technical writing,
telecommunications, networking and RDBMS.
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