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