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Indian IT to add 2.5 lakh jobs this year: Nasscom

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CIOL Bureau
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NEW DELHI, INDIA: National Association of Software and Service Companies (Nasscom), the voice of India IT and BPO industry said on Friday that the Indian IT industry was likely to hire about 2.5 lakh professionals in the current financial year thanks to the recovery in the IT sector and the demand for technology services.

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"The top four players are expected to hire more than one lakh people this fiscal. The industry on a whole should add about quarter of a million people in this fiscal…Renewed demand for IT services after the slowdown and return of discretionary spending in the market are the key drivers," Nasscom President Som Mittal told reporters here.

IT majors like Tata Consultancy Services (TCS) and Mahindra Satyam recently said that they would hire in huge numbers this year.

"The hiring intent in IT and ITeS was the highest in cities like New Delhi, Mumbai, Hyderabad and Pune," it said. Mr. Mittal further said the Indian IT-BPO sector had grown 19 per cent in 2010-11 to $76 billion in revenues. "The market is upbeat but the Middle East and Japan crisis and the debt issue are macro economic variables and add to uncertainty. Economies are growing but companies are still cautious," Mittal said.

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