Software product firms hit by dearth of quality talent

The nascent software products industry in the country still finds it difficult to recruit the right kind of talent. An ET report highlights the syllabus mismatch as a reason for this as syllabus at colleges suits services industry.

As the Rs 6.2 lakh crore information technology industry seeks to chart a new course by fostering software product companies, there is growing realisation that the talent available - though competent for the services segment - is not really suitable for product companies. According to Aspiring Minds, an employability assessment firm, only 2.3% of engineers passing out of colleges are employable in the software product industry. This number hovers around 17% for software services industry.

Read the complete report here