Let us first define what is IT revolution and how it has impacted India. Information Technology(IT) means utilising software programmes to solves many problems in business or improving people's lives. IT came to India in early 21st century by the efforts of enterprenuers like Narayan Murhty, who realised the potential of Indian knowledge base to efficiently build software projects and soon after the world followed and India became a IT powerhouse in the sense that it can deliver quality products at a competitive price. So as a result of this lot of Indian got good jobs and also the PPP of people in the domain increased significantly. This also bought lot of foreign FDI/FII as to supplement the necessary demand created in infrastructure, communication, transport and other industries. IT and related services industry contributed significantly to our GDP.
So now let us come to the question of whether IT has done good or harmed us. Like there are 2 sides to a coin, there are pros and cons of this issue.
The benefits of IT revolution is quite known. IT drives our employement and majority of our workforce, especially graduates in Engineering domain have been recruited in this industry. This has eased of the pressure on the educational institutes and the Govt to provide jobs to graduates. Not only jobs but also it has given hope to ordinary student from a small town to educate himself and earn in this industry. This way it has a major impact on the society and education as a whole. This has attracted the funds to our country and fuelled our economic growth at a faster rate.
There are negative aspects of this also. If you consider the ITES industry, the people recruited are not even graduates and they quite education early to make easy money, which has a bad impact on society as a whole. The call centre culture has had a bad image on the students by forcing them to work in night shifts and thereby disturbing their natural routine. Then there is increased pay which contributes to people getting diverted from other industries into IT. This affects growth of other industries too as in good talented students join IT and don't prefer manufacturing, chemical, textile or other industries even if they have done major studies in those areas. This is a bad thing in the 21st century when India is driving to increase its industrial output and innovate in manufacturing and service industry has hampered in that aspect.
But overall I would say IT industry has triggered the Indian growth and utilising Indian talent in a way that was never conceived. But we need to pause and reassess our strength and our vision to optimise our resources so that we don't lag behind the world in innovation.
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