Phoenix Software Solutions

Bangalore, Karnataka

India produces almost 15lakh engineers every year and out of which only 7% are employable. The remaining 93% need external courses and industry training to get jobs. NASSCOM, the Indian IT trade association, expects that almost 50% of the IT workforce will need to learn new technologies to avoid becoming redundant. Automation threatens 69% of the jobs in India, according to a World Bank research. It will replace almost 60 to 70% of the jobs in next decade. Indeed, Indias IT services industry is set to lose 6.4 lakh low-skilled positions to automation by 2021, according to U.S.-based HfS Research.