Job growth in IT sector may go down despite industry growth: Nasscom report

Job growth in IT sector may go down despite industry growth

Recent NAASCOM report warns that Indian IT industry may not support the rapid job growth as it did in adding the first $100 billion to its revenues as technology improvements will de-couple revenue growth from head-count increments. The report mentioned that while 3 million jobs were generated in reaching the first $100 billion revenue by 2014, the same will not be possible in the doubling of this turnover and only 1.2 million to 2 million new people can be added. The Indian IT industry – IT, BPM (Business Process Management), and engineering services – added about 3 million people to reach its first $100 billion in revenue, but will likely add 1.2-2 million people to bring in the next $100 billion.

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