The information technology (IT) and IT-enabled services sector is set to hire more than 200,000 people in FY 2012-13 as demand grows in a maturing market and exports rise despite the difficult times in the Europe and the United States, said Nasscom and NIIT chairman Rajendra Pawar ahead of the 20th Nasscom India Leadership Forum, which begins in Mumbai on Tuesday.
"The industry has already given out 100,000 job offers and we may even surpass the 230,000 hirings that we did last fiscal year if the tailwinds are positive," Pawar said. "As Indian IT companies become truly global, they are hiring more and more non-Indian talent and at present 5-6% of the total workforce of our large IT companies is non-Indian."
Indian IT industry has 560 delivery centres in 70 countries. As the IT industry crosses the $100 billion mark this year, its share in global sourcing has touched 58% this year, up from 55% a year ago. Pawar also said that their Vision 2020 sees the Indian IT sector grow more than double its current size to a $225 billion industry if the sector expands at a compound annual growth rate of 13% from 2013 onwards.
"The export market in fiscal year 2013 is likely to grow at 11-14% as there will be increased adoption of outsourcing by western companies due to the economic crisis," said Pawar. "Also, the government's spend on e-governance will see a tipping point this year and that coupled with technology adoption by small and medium businesses will see IT revenues from the domestic market grow at 13-16%."
{{/usCountry}}"The export market in fiscal year 2013 is likely to grow at 11-14% as there will be increased adoption of outsourcing by western companies due to the economic crisis," said Pawar. "Also, the government's spend on e-governance will see a tipping point this year and that coupled with technology adoption by small and medium businesses will see IT revenues from the domestic market grow at 13-16%."
{{/usCountry}}Tata Consultancy Services (TCS) CEO, N Chandrasekaran, said that the Vision 2020 target is achievable as Indian IT players have not yet covered many markets in the developed economies.
"There is a significant effort around the globe to improve efficiency and technology will play a big role in it," said Chandrasekaran. "This will throw up many opportunities for the Indian companies."
"Indian IT companies are investing in capability building as well as in creating new intellectual properties," Chandrasekaran added. "Big data analytics and cloud will throw up many opportunities and the situation will certainly get better from here on."
Nasscom president Som Mittal added that Indian IT companies have shown good leadership in uncertain times and business is doing than the general mood in the market.