IT sector to hire 1.5 lakh people in 17-18: Nasscom

RSTV Bureau
Representational Image.

Representational Image.

The IT-BPM industry is expected to add 1.3-1.5 lakh new jobs during 2017-18 as its export is projected to grow by 7-8 per cent in this fiscal. In the previous year the net hiring by the IT industry stood at 1.7 lakh people.

Nasscom president R Chandrashekhar told reporters that the domestic market is expected to record a higher growth in the range of 10-11%.

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.

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 USD 154 billion, including USD 11 billion incremental revenues added in the previous fiscal, according to Nasscom.