A US-based research firm, HfS is foreseeing that India’s IT services industry will squander 6.4 lakh “low-skilled” jobs to automation in the upcoming five years.
By Baishakhi Dutta
On the other hand Indian industry stalwarts are being affirmative and looking at the brighter side — the formulation of new professions in enormous count.
According to the HfS report statistics it has been deduced that though “low-skilled” jobs will fall by 30 per cent, “medium-skilled” jobs will increase by 8 per cent and high-skilled jobs will rise by 56 per cent.
Low-skills exemplify those that follow a set process and are repetitive and do not require much in the way of educational qualifications. Whereas medium skills are those that require some amount of human intelligence in the process, dealing with more demanding obstacles.
The HfS report is stationed on a survey of 1477 industry stakeholders. Though IT industry executives accept that automation will cause a mammoth labour fall in the industry, they are however brawling the magnitude.
Tech Mahindra’s headcount drastically dropped by 2,000 in the last quarter, which the company indicates to the automation drive that began last year.
Tata Consultancy Services, which has over 350,000 employees, said headcount addition had emaciated at around 90,000 in 2016 and that it would hire fewer people going forward.
Even Accenture has declared that it will not be hiring much of new employees.
