Indian Green Energy Revolution: The Remedy to IT Job Slump

2.jpg

For a country to grow, it must substantiate growth and engagement for its common man, as the productivity of common man ascertains the ascent of a country, socially and economically. And countries have made incredible strides in search of the perfect social mechanism (jobs) that can engage majority of the population and forward the society (and the country) towards economic stability.

Computing and communications technologies claiming the lime light in last two decades, had created an enormous employment opportunity across the world. With the rest of the world, the growth of IT sector in India played an integral part in creating jobs for people, enriching lives.

However, the recent IT job slump in India has introduced the critical question on unemployment issue. And while India is searching for a quick and sustainable infrastructure to re-employ and engage its people, the solution stands at hands reach.

IT job cuts: The scenario

1.jpg

The news of IT industry leaders in India- Wipro Ltd, HCL Technologies Ltd, Infosys Ltd, US-based Cognizant Technology Solutions Corp.,Tech Mahindra Ltd,DXC Technology Co., and France-based Cap Gemini SA planning to lay off more than 4.5% of their total workforce (1.24 million) has created upheaval among the employees and the potential job candidates.

The research also suggests that IT sector will witness lack of hiring ratio in the next financial year, and there are estimations of further reduction of IT related jobs in the market in October 2017 and March 2018.

And not just IT jobs, 121 companies(part of BSE 500) in India have revealed a considerable reduction in their hiring in current financial year (from 742,012 to 730,694). Analysis also showcases decline in hiring within metal, power, capital goods, construction and FMCGsector as well.

With 201 million jobless people globally, unemployment is already quite the issue. And increasing unemployment rate in India, which is expected to rise from 17.7 million in last year to 17.8 million in 2017, is not very encouraging for a country that is aggressively trying to go toe-to-toe with developed countries.

In such a scenario, recent crunch in the IT job sector will certainly add to the on-going unemployment crisis, disrupting lives and halting national growth. Geo-political reasons, more focus on automation, un-preparedness in understanding changes in business analytics, cloud, mobility, internet of things (IoT), security, artificial intelligence (AI) and other related issues are suspected to have created this predicament in India.

The Remedy: Green energy revolution

3.jpg

At one glance we can think that India is about to face quite the challenge to create new work opportunities for the people who have lost their jobs to disruptive changes in the IT and other sectors. However, a closer inspection will highlight the remedy to the problem: Indian solar sector. This grave economic situation can be stabilised by ballooning growth of the solar sector. The equation behind this logic is clear. Energy and economy are inter-related. So, it makes perfect sense to utilise the Indian solar industry in order to re-skill and engage the unemployed, allowing them job satisfaction and financial stability under the banner of a growing industry. Solar module technology being simplistic enough from operational standpoint, can easily help IT Engineers and other skilled resources to find respective places in the industry with basic re-training sessions. This makes Indian solar industry the best platform that can create new jobs while taking care of the recent unemployment issues introduced by the IT sector.

Reason for Trusting Solar

Shift towards green energy has already been recognized globally. Developing countries, anticipating the changeare betting big on renewable energy ($131.56bn out of total $286bn global renewable energy investment in 2016), even surpassing cumulative investment for conventional energy ($130bn). This clearly illustrates a brighter future for solar globally, and rising job opportunities for skilled resources.

In India the solar industry has shown drastic development, surpassing to 16.6 GW (cumulative solar capacity) in 2017. Growth in rooftop, which has already surpassed 2.2 GW, highlights quick rise in solar awareness in the country, creating huge employment options within the country.

4.jpg

If the growth statistics are not enough to satisfy you, the employment ratio will. Statistics show that Indian solar industry has created 416,000 jobs in India in 2015 and 1,017,800 jobs are expected be created within 2022. This explains that with growing demand for energy, and India’s inclination towards phasing out fossil fuels, jobs will be abundant in the solar sector. It is obvious that solar industry can take the lead to improve Indian employment scene. However, more focus on solar skill development, bringing exposure to domestic solar manufacturers with highest job creation, quality orientation in training and development and research fund are needed to encourage and train resources while improving energy scene of the country.

IT industry will obviously work on re-skilling, retraining, and improving its infrastructure to create more jobs, but in the meantime, India cannot afford to prevail in an unemployment rut while its vision portrays a comprehensive socio-economic growth.

5.png

With remedy in sight and illuminating, it would be beneficial for the country to depend on solar and invest in domestic manufacturing to bring more jobs in the country and put the long lingering employment issues to rest for good.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s