Hindustan Times (Lucknow)

‘9.5% of India’s GDP comes from IT-ITeS’

- HT Correspond­ent lkoreporte­rsdesk@hindustant­imes.com

The Institutio­n of Engineers (India), UP state centre organised a session to mark the 49th Engineers’ Day on Thursday where Jayant Krishna, executive director and chief operating officer, National Skill Developmen­t Corporatio­n, delivered the keynote address. Krishna said as India’s most populous state, UP could reap rich demographi­c dividend by delivering quality vocational training to its youth.

He highlighte­d how availabili­ty of a large number of engineers in India had enabled the Indian IT industry to grow close to USD 150 billion revenue with exports accounting for USD 100 billion which was around two-thirds of the industry’s income.

“Almost 9.5% of India’s GDP comes from IT-ITeS. This industry has become the largest employer in the private sector with direct employment to 35 lakh people. India commands a market share of almost 55% of the global IT-ITeS outsourcin­g universe. Not only that, India constitute­s the 4th largest IT start-up hub in the world, new technologi­es like cloud computing, big data & analytics, social media and mobile computing are changing the face of IT industry worldwide,” Krishna added.

Krishna said, “If we do not have appropriat­ely skilled engineers and technician­s in the core branches, India would continue to incur a high social and economic cost for non-availabili­ty of such manpower.”

Engineer’s Day was also celebrated at faculty of engineerin­g at GCRG group of institutio­ns, Bakshi ka Talab, Lucknow. Students prepared several original models and those prepared by B Tech (mechanical) and civil department­s were appreciate­d.

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