The Indian IT industry, a pillar of the Indian economy, is seeing a steady decline in employment due to automation and outsourcing.
It is the second consecutive year that the number of job postings have fallen in the sector.
This has affected the job seekers, as their incomes have not increased in the past year.
India’s IT sector has been hit hard by the global economic downturn.
The sector has suffered a lot from the impact of the slowdown in global economic activity.
While the industry has been doing better since the first quarter of this year, the latest figures from the Indian IT Industry Employment Council show that employment is expected to fall by 5% in the current fiscal.
India is a country of over 1.3 billion people, and the country’s job creation is expected by 2021 to be about 2.8 million, according to the government.
The government has set a target of hiring 1 million jobs by 2021, but in the first half of 2021, only a few hundred thousand jobs were added.
“The jobs created in India’s tech sector have been hit in a big way by the recent slowdown in the global economy,” said Abhishek Mishra, an analyst at the consulting firm EY.
“There is a huge mismatch between the growth of jobs and the jobs available for people to work in India.
It means that there are a lot of people who are looking for work, but no one is willing to take them,” Mishra said.
According to Mishra and the research firm, a large number of these people are the young and unskilled.
“While the demand for the skills in the IT industry has grown, the number who are available to work has not increased,” Mishrasaid.
The reason for the problem, according the company, is the lack of talent and a lack of experience in the tech industry.
Mishra added that the skills mismatch is one of the reasons for the jobless growth in the Indian sector.
“These are the same skills that have been necessary for the Indian workforce to develop.
The shortage of them is the root cause of the problem.
The current generation of young graduates, who have no job prospects, are not taking up this job,” he said.
Mishrasays the situation in India is similar to what is happening in the United States, where the unemployment rate is double that of India.
“I am convinced that if the government is serious about this, it needs to take a look at its policy and policies, including the job creation targets, and see if they are working,” Mishas said.
In January, the US Federal Reserve announced a policy of boosting the unemployment benefits for all workers, regardless of age, to help stimulate the economy.
Mishras comments are backed by a report from the McKinsey Global Institute, which found that India’s jobless rate has dropped from 14% in 2016 to 8% in 2017, and that it has not decreased since then.
The McKinsey report also says that the Indian government should focus on creating more opportunities for the unemployed.
“Employment for the skilled and unsubsidized workforce is growing, and this will lead to better opportunities for more people, with higher wages, and more secure working conditions,” the report said.
India has about 5.5 million job openings in the country, according this government report, and it will likely take many more years to reach that number, Mishra pointed out.
The data also shows that India is facing a massive shortage of qualified IT professionals.
“This is a serious problem,” Mishrases.
“You can’t fill up an empty house.
We are going to have a huge shortage of IT professionals for the next few years,” he added.
Mishora, however, says that his company, the Indian Institute of Management (IIM), is not concerned about this shortage, as they have invested a lot in training.
“They are looking at all of the options available to them,” he explained.
Mishorasays that they have set up training programmes in India for the people who have applied for the jobs and they have already had about 200 graduates.
“We have trained about 100 graduates.
We have trained in English, Hindi and Pashto languages, which are the two major languages spoken in India, Mishrasad added.
India should set up a comprehensive immigration reform package to help the country cope with its migration crisis. “
It is a big step forward,” Mishorasaid.
India should set up a comprehensive immigration reform package to help the country cope with its migration crisis.
“India is the largest migration destination in the world, and we need a comprehensive policy to deal with this situation,” Mishora said.
The IIM also said that it would help with recruitment and training of people in the job market in the future.
India needs to be more open to immigration, and take into account the needs of the skilled job seekers.
“Indian companies need to become more welcoming to immigrants and the unemployed,