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

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.