I am not a great fan of Nasscom reports, but this one made me sit up. The technology sector (give or take a few) would account for 36 billion dollars in revenue and just about 1.3 million (13 lakh) jobs as per their estimate for 2006. The Hindu Businessline reports on the ITES/BPO part of it.
…Indian ITES/ BPO exports are estimated to grow to $6.3 billion by the end of fiscal 2005-2006.
Exports from the sector had grown 48 per cent in 2004-2005, to $4.6 billion, up from $3.1 billion the year before, according to an analysis done by Nasscom. ( National Association of Software and Services Companies).
Net employment in the sector is estimated to have grown by approximately 1 lakh in 2004-2005, the total direct employment having risen to 3.16 lakh.
Based on the hiring trends over the year, this segment is likely end the current fiscal with total employment at 4.09 lakh…
As it turns out from the Nasscom link, that figure is only the ITES/BPO total. IT services are estimated to employ about 3.98 lakh employees in comparison. If you count engineering services and R&D, you can add another 1.15 lakh employees to the estimate. The domestic market is expected to cater to around 3.65 lakh jobs. In any case, the entire tech sector is expected to employ only about 13 lakh people. For a nation of a billion, it shows how big (or small) the industry really is.
To put that in perspective, India’s small scale industries employ about 28.29 million (282.9 lakh) employees and account for Rs. 249,064 crores (approx 55 bn USD), as per RBI statistics quoted in the Economic Times a few days back.
This is definitely worth a thought…