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Monday, 20 February 2012

Indian IT to create 2,30,000 jobs

The Indian software industry continues to add jobs at a fast clip despite the threat of a slowdown. The industry is estimated to close fiscal 2012 with an addition of around 2,30,000 jobs.

For the coming fiscal, the industry has already made about 100,000 jobs offers on campus, Nasscom chairman Rajendra Pawar said. But revenues are growing faster than people added, indicating that the shift towards non-linearity in revenues is beginning to happen. For FY12, IT industry revenues are set to grow at 16% but the number of people added is likely to grow only by 10%, says the industry body.

Over the last many years, the Indian software companies have also added over 25,000 jobs in the US for local citizens. "The kind of numbers Indian companies are adding is unprecedented. They will have to hire from every part of the world," said Nasscom vice-chairman and TCS CEO N Chandrasekaran.

About 5-6% of the workforce employed by Indian companies are locals. Chandrasekaran said the right way to look at these figures would be absolute numbers and not percentages because Indian talent was being hired by all companies, and even by industries outside of technology.

Over the last 20 years, the Indian IT industry has grown from $ 100 million to $ 100 billion, recording a phenomenal growth. Allocation for IT in India by central and state governments stands at whopping $ 10 billion but so far only $1 billon-$ 1.5 billion has been spent, said Pawar. Nasscom has also submitted a list of recommended procurement processes to the government, so the government projects don't become unviable.


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