Indian students now earn the best IT degrees of any nation in the Asia-Pacific region, with more than a quarter of all graduates obtaining a bachelor’s degree or higher.
This is despite the fact that India has been a long-time leader in IT outsourcing and has been accused of keeping students in debt for years.
A report by a consortium of international and national institutes found that Indian students today earn more than any other country in the region, accounting for 24% of the global average.
This was despite a recent report that revealed that India is a leading place to work for outsourcing companies and that the average Indian salary is just $2,800 a year.
“India’s IT sector is a very important one for the country,” said Akshay Srivastava, an associate professor of Indian studies at Stanford University, who co-authored the report.
“We are going to see a lot of growth over the next few years, but the sector is still not yet competitive.”
The study looked at degrees awarded in India from the four universities mentioned in the consortium’s report: IIT Kharagpur, Jawaharlal Nehru University, Jawahar Lal Nehru College of Engineering, and Tata Institute of Fundamental Research.
India also ranked high on a list of the top 10 fastest growing countries in the country, based on the number of graduates entering into their IT degrees each year.
The country’s GDP rose by $16 billion in the year ending March 2019, according to the government, making it the world’s fastest-growing major economy.
The average Indian student today has an average of 15.6 years of study, compared to 11.9 in the early 1990s, the report said.
The growth of the industry has also come at a cost.
In addition to being the primary employer for Indian IT workers, outsourcing companies in the past have had to deal with rising taxes, a higher rate of turnover and rising IT spending on salaries.
This has been especially true in the last decade, the study said.
“These costs were not fully realized by companies when they were hiring students in the first place,” said Srivasta, who has conducted research on the sector for years and is an associate director at The Asia Society.
“So these companies are looking at the cost of hiring new students in their IT and outsourcing programs, which has been really, really high.”
Despite this, the IT sector continues to grow at a rapid pace, as well.
According to a 2016 report by the National Centre for Competitiveness and Innovation, India had the second-highest growth in the sector in 2019.
The industry is expected to add another 10 million jobs in the next three years, with the total workforce expected to double to more than 500 million people.
The IT industry is currently a global phenomenon.
It accounts for nearly 20% of all global IT spending, and employs more than 3.5 million people, the majority of whom are in the United States.
The average Indian salaries are about $2.6 million, according the study.
It’s not just the sheer number of jobs that has been growing, but also the size of companies and the types of jobs they offer, the authors of the study pointed out.
Indian companies now offer “a lot of different types of IT,” Srivas said.
“The IT jobs, the software jobs, those jobs are not really going to grow any more.
There are going be lots of jobs in a lot more industries.”
Srivastavas co-authors the report with Michael C. Johnson, a professor at the Massachusetts Institute of Technology.
According to Johnson, there are two main reasons for the increase in IT jobs.
First, outsourcing has become more competitive, as companies are now competing against each other for talent.
Secondly, the number and variety of graduates in the IT industry has increased as the number in other industries has declined.
As a result, the growth in companies’ overall revenue from IT has been stagnant.
Sri Lanka is the largest exporter of IT and is now second in the ranking of the Asia Pacific region behind China, according a 2015 report by IT World.
In the year to March 2019 , the country’s exports of IT services grew by 8.2%, while exports of other IT services rose by just 1.4%.
It is a trend that could be repeated across the region as the region’s IT industries grow, Johnson said.
A survey by the Association of Indian Chambers of Commerce in India found that about 15% of its membership said that they expected to make a change in their business, with most of those citing an increase in the number or size of staff.