NASSCOM worries dip in hiring

MUMBAI, INDIA: The information technology (IT) and IT-enabled services sector is set to hire more than 200,000 people in FY 2012-13 as demand grows in a maturing market and exports rise despite the difficult times in the Europe and the United States, said Nasscom and NIIT chairman Rajendra Pawar in his inagural note for the 20th Nasscom India Leadership Forum, in Mumbai.

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NASSCOM gave a clear message  on the first day of NILF-2012 at Mumbai, "IT-BPO hiring to slow in FY13 amid European debt worries". Whereas analyst predicst, the sector will add 2,00,000 jobs in 2012-13, lower than the 2,30,000 jobs that it’s expected to add in 2011-12 and expect a growth of 11-14percent in ITeS exports inFY13

"The industry has already given out 100,000 job offers and we may even surpass the 230,000 hirings that we did last fiscal year if the tailwinds are positive," Pawar said.

"As Indian IT companies become truly global, they are hiring more and more non-Indian talent and at present 5-6% of the total workforce of our large IT companies is non-Indian." "We have projected a growth of 11-14 per cent. We will revisit the same in October. Based on this, as of now the hiring will be 200,000, but we think we will either hire similar number as FY12 or slightly higher," said Rajendra Pawar, Chairman, Nasscom.

It's important to mention here that, last week, Nasscom cut the revenue growth forecast for the next fiscal year for the IT and BPO industry. NASSCOM indicated its revenue growth estimates to 11%-14% and pegged domestic revenue growth at 13-16% for 2012-13. Despite the global macro economic headwinds, Nasscom remained positive on the medium-term outlook for the industry due to the emergence of a few key trends.

(Source: Global Services)