IT employees are expected to get higher salaries within 5 years..
India’s $ 150 billion IT services sector has the potential to record unprecedented growth over the next five years. The main reason for this is the new announcement made by US President Joe Biden last week.
The US has embarked on a number of efforts to win the US-China rivalry, part of which is technology. The announcement by the US government led by Joe Biden is currently in favor of Indian and Indian IT companies.
US President Joe Biden
US President Joe Biden last week ordered all companies to increase the competitiveness of the US economy. With this order, many American companies have greatly accelerated the process of digitizing their businesses.
Digital service
Companies in all sectors in the United States have now decided to shift their business and management to the cloud platform and use a number of new technologies such as artificial intelligence and the Internet of Things to improve services.
Automation change
Most companies in the United States have decided to automate and digitize their business during the corona epidemic. U.S. companies have decided to speed up all of this work following the announcement of Joe Biden.
Indian IT companies
This change has become a jackpot for Indian IT companies. Generally, US companies prefer third-party companies to low-cost tech services. That is how Indian IT companies are getting more and more business from the United States to this day.
Joe Biden announcement
Currently, the change that has taken place among American companies after the announcement of Joe Biden is that Indian IT companies are likely to get a lot of business for the next 5 years. Thus the growth of Indian IT companies is likely to reach a historic peak.
Everest Group comment
Peter Bender-Samuel, CEO of Everest Group, a US IT consultant and research firm, said the number of digital transformation projects in the market has increased significantly since the announcement by the US government. He said it would be a great business opportunity for the Indian IT sector, which already dominates the sector.
5 year mega growth
Peter Bender-Samuel, CEO of Everest Group, also said that Indian IT companies are set to meet the mega-cycle for the next 5 years. It is said that this will create more jobs not only in IT companies but also in the IT sector.
Top 5 IT Companies
With only the top 5 IT companies in India planning to create one lakh new jobs by 2024, the new shift now has the potential to double the number of new jobs.
$ 150 billion IT sector
The IT sector is the only sector in India that has not been affected by the corona infection. It is being traded without any harm as 99 per cent of the employees can work from home. The total value of the Indian IT services sector has risen to $ 150 billion. So, it would be a great profit for the IT Employees on this current occasion.
