The Indian information technology training and education sector has been influential in driving the country's economy onto the express development curve. Their contribution to exports affecting the dollar value has also been significant. Up until recently, India's competitiveness and its global sway has been inspiring, especially in the Asia Pacific, Africa, Middle East and Central Asia region. However, the rupee slump and the consequent economic downturn have had a weakening impact on the IT training and education sector.
India's IT sector is anticipated to reduce its hiring plans by up to 22 percent to 150,000 in the current fiscal year and it has left the training industry reeling. With global uncertainty, automation, and non-linear growth, one-third of students face the perils of unemployment.
Although the IT training as an industry still plays an important role in this downward spiral, most major players have realized that while they are able to sustain revenue and profits, future double-digit growth would happen only by refreshing the vision.
Appin Technology Lab have stayed put in Information Technology arena with their emphasis on the information-age security and solutions domain.
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