India has become synonymous with technical innovation in recent years. The advance will reflect the country’s growing startup ecosystem and the government’s strong push towards digitization through initiatives such as Digital India. To make the most of this technology potential, both multinational and Indian companies are already intensifying their recruitment plans with the aim of hiring new employees around 200,000 employees from India by the end of 2022-23 to lead their teams.
In this article, we examine four key factors that make India the richest source of tech talent for global companies.
Robust government support
The Indian government has defined the current decade of the 2020s as “theTechade(a decade of technology). With this mindset, as part of the Digital India mission, it has promoted numerous initiatives such as Accessible India Campaign and Mobile App, BHIM (Bharat Interface For Money), Agrimarket App, CERT-IN, DigiLocker, among others. This has allowed people to maximize their access to new digital tools and technologies in the country.
The government has also taken many commendable initiatives to strengthen the startup ecosystem and foster a culture of entrepreneurship in the country. First, Manufacture in India was the first such initiative, launched in 2014 to attract local and global investment and transform India into a global manufacturing hub.
Startup India and Arise India are specific initiatives to promote entrepreneurship and grassroots job creation, including financial assistance and technical training for the underprivileged masses. These steps show how the government is striving to create a technology-oriented economy for the youth and prepare them for global competition.
Growing startup ecosystem
Home to the fastest growing unicorns, India has grown to become the third largest startup ecosystem in the world. In 2022 alone, the Ministry of Industry and Domestic Trade Promotion recognized 61,400 startups, a testament to the country’s startup boom.
With technology at the core of these companies, they offer graduates lucrative growth opportunities through information technology (IT) jobs. Working with startups enables young professionals to acquire new skills and adapt to the changing work environment. The startup culture drives the tech talents to develop into highly agile and competitive professionals best suited for global IT giants.
First class engineering education
Over the years, India has grown into a global hub for engineering talent, producing more than 15,000 engineering graduates annually. This is credited to the country’s unmatched educational infrastructure, including top institutions like IITs, NITs, and IIITs, which produce the best tech talent that has the potential to be recognized globally for their exceptional contributions to the industry.
Leading technocrats like Yamini Rangan (CEO, HubSpot), Roshni Nadar (CEO, HCL), Satya Nadella (CEO, Microsoft), Shantanu Narayen (CEO, Adobe) and Rajeev Suri (CEO, Nokia) testify to India’s world-class education ecosystem. They inspire many young engineers and tech aspirants to scale their careers to new heights, hence India is poised to produce more successful technocrats in the years to come.
English speaking population
India is home to the second largest English-speaking population in the world after China. Indians’ ability to speak fluent English makes them exceptional communicators. Another important factor behind their excellent communication skills is the multilingual culture they grow up in.
India has a total of 22 different languages and thousands of dialects. From childhood through adulthood, people learn, or at least become familiar with, multiple languages, which further strengthens their communication skills and makes them more confident and influential speakers.
From the US to Europe, most global companies have expanded their business to India to capitalize on the country’s emerging tech talent. This commendable progress shows that India is producing and will continue to produce some of the best tech talent in the world.
(Madhav Nair is senior vice president of engineering at ZoomInfo)