Job growth in IT sector may go down despite industry growth: Nasscom report

Posted on 06th Oct 2015 | 1009 views

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Recent NAASCOM report warns that Indian IT industry may not support the rapid job growth as it did in adding the first $100 billion to its revenues as technology improvements will de-couple revenue growth from head-count increments. The report mentioned that while 3 million jobs were generated in reaching the first $100 billion revenue by 2014, the same will not be possible in the doubling of this turnover and only 1.2 million to 2 million new people can be added.

Job growth in IT sector may go down despite industry growth

The Indian IT industry - IT, BPM (Business Process Management), and engineering services - added about 3 million people to reach its first $100 billion in revenue, but will likely add 1.2-2 million people to bring in the next $100 billion.

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