IT professionals worried as industry downsizes

India has emerged in the last decade as a major player in the information technology business sector. Exports alone generate billions of dollars in annual revenue. But this economic mainstay is having a lot of trouble under the weight of a global economic slump.

Twenty-five-year-old Arun Dahiya is one of the many young Indian IT professionals who will go on to become the backbone of one of India's signature industries.

Arun recalls the day he got his IT job, "I felt very proud, I felt I have done justice to my parents who have spent a lot of money on my education," he says..

However, the financial crisis has sent ripples through India's famed industry - where the top IT companies get roughly 30 per cent of their revenue from banking, insurance and financial services. All industries at the core of the crisis.

Arun and his friends - IT professionals - discuss the downturn in the industry - and are bracing themselves for bad news. Twenty six-year-old, IT professional Kapil Bajaj says the financial crisis has costs his friends their jobs.

"They got news on Friday that their employment is terminated. So it becomes a kind of chaos like situation and people get nervous," says Kapil.

A company that claims it trains one out of every three IT professionals in India - says India will have to specialise and sharpen it's skills to stay ahead in the industry.

"I think what we have to continuously do is upgrade the overall skills quotient of the Indian IT industry," says CEO NIIT, Vijay Thandani.

Industry experts say junior level employees like Arun shouldn't expect to see the rapid rise in salaries they once had. And Arun says the crisis has made him more realistic about his prospects.

"I think my career is at stake right now and I have to be very cautious about it. I'm just keeping my fingers crossed," says Arun.

Meanwhile, like Arun, tens of thousands of other young Indians share the same hope.








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