IT sector set to create 17,0000 jobs in 2014-15 | business | Hindustan Times
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IT sector set to create 17,0000 jobs in 2014-15

The information technology (IT) sector is likely to create around 170,000 jobs in 2014-15, signalling an uptick in hiring, with IT exports in 2014-15 projected to grow faster than 2013-14.

business Updated: Feb 13, 2014 12:47 IST
Manu P Toms

The information technology (IT) sector is likely to create around 170,000 jobs in 2014-15, signalling an uptick in hiring, with IT exports in 2014-15 projected to grow faster than 2013-14.

Hiring in the IT sector fell from 230,000 in 2011-12 to 188,000 in 2012-13 and further to 160,000 in 2013-14. In the next fiscal year, a robust recovery in key markets and the emergence of new technologies are signalling a strong rebound.

Though the National Association of Software and Service Companies (Nasscom) has not given a clear projection on employment generation for the next fiscal year, key industry leaders say the sector will create 6-7% more jobs on the back of Nasscom’s projections of a 13-15% increase in software services exports and a 10% growth in domestic business.

“IT may create 170,000 jobs in 2014-15,” Ganesh Natarajan, CEO of Zensar Technologies and former Nasscom chairman told HT. The reference is to both IT and IT-enabled services such as call centres.

“The industry will continue to hire talent across multiple technology domains,” said CP Gurnani, CEO and managing director, Tech Mahindra.

“Next year is going to be possibly the best year for the industry. All of us will have double-digit growth. This will reflect in hiring too. I hope about 100,000 freshers will be hired next year,” said Natarajan.

Nasscom on Tuesday said exports will grow up to 15% to $118 billion in in 2014-15.

“As long as the industry sees growth there will be increase in jobs. Hiring will be more next year,” said Arvind Thakur, CEO of NIIT Technologies.