India’s growing pool of technology talent is attracting global companies
India has become synonymous with technological innovation in the past few years. The progress is attributed to the country’s growing startup ecosystem and to the government’s strong push towards digitization through initiatives such as digital india. To make the most of this technical potential, multinationals and Indian companies are already ramping up their recruitment plans, with a view to hiring About 200,000 employees From India by the end of 2022-23 to lead their teams.
In this article, we explore four primary drivers that make India the richest source of technical talent for global companies.
Strong government support
The Indian government has described the current decade of 2020 as “Thai“(A decade of technology). With this mindset, it has continuously promoted various initiatives such as the Accessible India campaign and mobile app, BHIM (Bharat Interface For Money), Agrimarket app, CERT-IN, DigiLocker, among others, under the mission of Digital India This has enabled people to increase their access to emerging digital tools and technologies in the country.
The government has also taken several commendable initiatives to strengthen the startup ecosystem and foster an entrepreneurial culture in the country. let’s start with, made in India It was the first such initiative launched in 2014, with the aim of attracting local and global investment, and transforming India into a global manufacturing hub.
Startup India And the stand in india They are specific initiatives designed to promote entrepreneurship and job creation at the grassroots level, including financial assistance and technical training for disadvantaged audiences. These moves illustrate how the government is striving to create a technology-driven economy for young people, preparing them to compete on a global level.
Growing startup ecosystem
Being home to the fastest growing unicorns, India has emerged as the third largest startup ecosystem in the world. The Ministry of Industry Promotion and Internal Trade recognized 61,400 startups in 2022 alone, a testament to the booming startups in the country.
With technology at the core of these companies, they provide lucrative growth opportunities for graduates with careers in the information technology (IT) field. Working with startups allows young professionals to gain new skills and adapt to a changing work environment. The startup culture drives tech talent to evolve into agile and competitive professionals best suited to global IT giants.
World-class engineering education
Over the years, India has emerged as a global hub for engineering talent, producing more than 15 engineering graduates annually. This is attributed to the unparalleled educational infrastructure in the country, including top institutions such as IITs, NITs and IIITs that create top tech talent who have the potential to gain global recognition for their exceptional contributions to the industry.
Top technocrats such as Yamini Rangan (CEO, HubSpot), Roshni Nadar (CEO, HCL), Satya Nadella (CEO Microsoft), Shantanu Narayen (CEO, Adobe), and Rajiv Suri (CEO of Nokia) are testaments to India’s world class educational ecosystem. They have inspired many young and tech aspiring engineers to take their careers to new heights and hence India is poised to create more successful technocrats in the coming years.
English speaking population
India is home to the second largest English-speaking population in the world, after China. The ability of Indians to speak English fluently makes them exceptional citizens. The other major factor behind excellent communication skills is the multilingual culture they grew up in.
India has a total of 22 different languages and thousands of dialects. From childhood to adulthood, people learn or at least develop a familiarity with multiple languages, which enhances their communication skills and makes them more confident and influential speakers.
From the US to Europe, most global companies have expanded their business to India to tap into the country’s rising tech talent. This commendable progress indicates that India is generating some of the best technical talent in the world, and will continue to do so in the future.
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