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Indian IT industry to hire 1.5 lakh people in 2017-18: Nasscom

HIGHLIGHTS

  • Nasscomm has said the IT-BPM industry will add nearly 1.5 lakh jobs in 2017-18
  • In previous fiscal it added 1.7 lakh jobs
  • Indian IT export is expected to grow at 7 to 8 per cent

Nasscomm President R Chandrasekhar briefed about the projections of IT industry on Thursday (Representative Photo)

Nasscomm President R Chandrasekhar briefed about the projections of IT industry on Thursday (Representative Photo)

HYDERABAD: Indian IT export is projected to grow by 7-8 per cent in 2017-18, industry body Nasscom said in its guidance today. The domestic market is expected to grow 10-11 per cent, it said.

The IT-BPM industry is expected to add 1.3-1.5 lakh new jobs during 2017-18, Nasscom president R Chandrashekhar told reporters here. In the previous fiscal, the industry’s net hiring stood at 1.7 lakh.

Keeping in view the political and economic uncertainties in key overseas markets that impacted decision-making and discretionary spend, and also the performance of IT companies last year, Nasscom expects the future outlook to be positive, he said.
“India’s share in the global IT sector is not only steady, but also growing,” Chandrashekhar said.
The size of the Indian IT industry is pegged at $154 billion, including $11 billion incremental revenues added in the previous fiscal, according to Nasscom.

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