Reskilling of employees more important to IT industry: NASSCOM

The National Association of Software and Service Companies (NASSCOM) is of the view
that that reskilling of the employees has become important for the IT industry.
NASSCOMs President R Chandrasekhar believes that IT industry is expected to grow
at 7-8% which is going to create more jobs in the IT industry.
He also accepted that the automation of the industry leads to job losses but it
also creates the jobs as long as the employees have the required skills since new
jobs require new skills. He further added that as long as pace of growth is fast
than reduction of employment due to automation, net employment continues to grow.
He claimed that today the situation of Indian IT industry is such, where pace of
growth is still outpacing rate of job loss.
And the jobs which are created is different from the jobs which are lost. It is not
that 50 jobs are gone and 100 jobs are created. The (additional) 50 jobs created
are different and that has implications.
Noting that 21 million jobs were lost every year in the US, either due to
technology or business changes, he said, "It is not a sad thing. Because 23 million
jobs are created which is again an example of the fact that technology creates more
jobs than it eliminates."