Industries are considered to be the engines of economic growth. This is more so in the case of the developing countries like India which aims at achieving faster economic growth. However, with the poor capital formation, the objective of achieving is a higher economic growth could be achieved only through the development of small scale and medium scale industries. The IT and ITes industries are playing a multifaceted role in the economy of Indian like the creation of employment, contributing to export earnings and eventually to the state and the national income of the economy. With such an immense role being played by the IT and ITeS, the major problem confronting the industries is their poor output and high average cost of production. With the important characteristics of such industries being the labour intensive units, an important cause of such a poor performance is their poor labour productivity. Most employees have one or the other weaknesses in their skills necessary at the workplace. A training program allows you to strengthen those skills that each employee needs to improve. An employee who receives the right type and necessary training required for his or her job is able to perform the job better. A training program allows one to strengthen those skills that each employee needs to improve. More specifically, a well-structured training and development program organized by the firm ensures the employees to upgrade and update his skills and background knowledge constantly and consistently. Providing the necessary training creates an overall well-informed staff with employees who can take possession of for one another as needed, work on teams or work independently without continuous help and administration from others. A development program brings all employees to a higher level so they all have similar skills and knowledge. The Indian software industry has grown from $ 150 million in 1991-92 to a staggering $ 5.7 billion (including over $ 4 billion worth of software exports) in 1999-2000. With the industry's annual growth rate dipping to 16-17% in 2008 from about 30% in 2004, the aggregate revenues were $ 60 billion, including export revenues of $47 billion in 2008.
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