The Indian IT industry in the 2020s India has spearheaded the IT boom since the 1990s. What will change for this industry which already employs more than 10 million developers? What will be the impact of automation in the next decade? How will the "make in India" movement in its heyday affect the developer job market in India? With the digitization of the entire banking industry, will banks become the largest employers of IT developers in India? Lastly, how has COVID-19 affected the IT industry? Upcoming changes Contrary to what most people say, we don't personally believe that there will be a downturn in the IT job market in India. However, we believe that IT developers will be recruited from new industries looking to automate their processes and go digital (banking, agriculture, natural resource extraction, etc.). Google and Amazon have already started using artificial intelligence and machine learning technology to help mining industries identify deep oil wells. The banks have established partnerships with a number of Make in India The "make in India" movement which encourages start-ups and large companies to manufacture and grow in India will continue to create employment opportunities in the country. The next decade will be responsible for a huge increase in available jobs as most of the companies founded in the last decade will be expanding rapidly over the next decade. With more than 35% of companies in the technology sector, qualified developers will continue to be sought after. The work market The new decade, like that of 2010 - 2020, will be a decade of rapid change and adaptation. The technology changes every 3-4 years. However, some technologies do not survive and do not persist over time (node, Prototypen, NoSQL, etc.). A developer must become familiar with the latest technology in order to survive in the job market. This is all the more important in the case of freelance developers, where the competition is all the more cutthroat. From onshore to offshore Companies will recruit fewer local developers and more freelance developers abroad. Generation X, the first generation during the IT boom, is now made up of senior executives and senior project managers. Generation Y, the juniors who flooded the IT job market in the 2000s, however, will now have more than 10 years of experience. This means that there will be a shortage of top-level positions compared to the number of mid to top level IT developers in India. Competition for jobs will be ruthless. This will encourage companies to seek more qualified mid-level freelance developers overseas. Freelancers will take control of the market With freelancing having become the path chosen by some of the most skilled developers, the new decade will see a rapid increase in the number of freelance jobs and the number of companies recruiting freelance developers. One can even argue that the freelancing industry is already PAN India meaning have a presence across the nation and it will only continue to expand. The new decade will bring with it radical changes. It will be an exciting decade which will see the introduction of many new technologies as well as the implementation of old technology in new ways. In short, interesting times await us. Effects of COVID-19 on IT Industry When it comes to work, all software developers really need is a computer and a healthy internet connection and they can continue doing their jobs no matter where they are. And this has really served them well when COVID has forced people to work from home. So how has this affected the Indian IT industry? Really well actually. Now that more and more companies are getting their work done remotely, they recognize that they can get the same amount of work done for a quarter of the price if they freelance it to someone in Asia. This is not a new phenomenon and we have seen it time and time again, but never at this scale before. So, all in all, it can be said that freelancers in India have done well during COVID and will continue to do so in the future.
