Some times among friends we usually discuss about where the industry is heading and what promises does it hold in the future. Also we discuss the past. We graduated in 2002 and had a hard time finding a job inspite of being a computer science engineers from a premier REC. I was one one of the lucky ones to have a job, a pathetic one with 14,000 rs per month salary in costly Mumbai with some network administration role. I preferred not join and worked in a research lab for little less money. Since then my salary has grown more than 5 times and looks like it would grow even more in the near future.
But is that good or bad ?
What do you think is the future of Indian Software industry?
There are some worrying factors today. The wage inflation. Would it lead to losing out most important low cost edge. Today all most all young men/women want to enter the software industry and that too just for money. Very few people actually are passionate about their job. Most including me tend to see where I can get maximum salary. Earlier I used to be totally salary minded but now tend to look for other things too. But salary is till the no 1 thing.
We still survive on outsourcing work and very few companies have something of their own to sell.
How does this situation compare to the dot com bubble burst? Is there such a threat looming around the corner again?
what I think is today ,salaries are increasing in other sectors also(like Banking,Finance,Retail and Manufacturing). As Indian economy grows, other sectors will also grow and will give more salaries . I am 2005 passout,and let me tell you the fact that most of my colleges that are from different streams(Civil, Mechanical, Chemical etc) do not want to continue with the software industry. They are here because they are getting good amount of bucks. But the job satisfaction is very low. So as soon as the opportunities in their respective sectors will grow, they will move there. As far as Indian Software companies like TCS,Infy,Wipro,Satyam,CTS are concerned, I think they are losing there credibility among young Turks, as they want to do some challenging job and willing to take risk. They do not want to sit ideal for hours, or to do work that a 12th standard guy can do. So we will see more companies will come up in the scene with more innovative and aggressive moves. According to a survey, cities like Delhi and Mumbai are still among the list of cheapest cities in world. And there is a huge difference between wages as compared to other big cities in the world. So be optimistic and watch the game
Well i think what sumit says is correct to some extent. Most of the IT work done in India is more on the systmes integration, testing, merging and involving other external interfaces, very rarely indian Business units work on something as indigenous. The reason being that hardly we have any product related indian company today in the global world.
Most of the work is services related and india is coming as a major destination for services based applications. And the general trend in the IT sector is get more and more money at the cost of work quality.