IT and services body Nasscom expects that
the hiring by IT companies would be about
2.75 lakh during the current year, while
the overall industry may grow by $20
billion (roughly Rs 1,33,390
crores). “Business will grow by 12 to 13
percent. We are confident about that,
depending on where the dollar and Rupee
would go.
In terms of people, it (hiring) is 2,75,000.
“But if you compare it with the previous
years, we will probably add about $20
billion extra revenue this year. Last year
we only added about $16 billion (roughly
Rs 1,06,684 crores)”, Nasscom Chairman
BVR Mohan Reddy said on Thursday at the
sidelines of a program organized by IIT-
Hyderabad. Reddy had earlier in June
indicated that the hiring this year would
be about 2.3 lakh. According to him, last
year IT and services sectors touched $148
billion (roughly Rs 9,86,739 crores)
revenues.
Nasscom recently said the Indian
technology and services industry is on
track to reach its goal of $225 billion
(roughly Rs 15,00,111 crores) in revenues
by 2020 and further to reach revenues of
$350 billion (roughly Rs 23,32,761 crores)
by 2025. He said the growth in revenues is
largely due to adoption of ‘disruptive’
technologies in terms of automation and
knowledge-based workforce coming into
the sector. On the impact of floods in
Chennai on the IT industry, Reddy said
most of the big companies have already
taken precautionary measures and avoided
troubles.
“Hopefully as far as the disaster
management is concerned, the companies
have already done that. Data backups have
been moved out of Chennai momentarily. I
think it is receding at this juncture”,
Reddy said. ”Employees were sleeping in
offices. Infrastructure has been created
for the people to stay back in offices. We
are also making sure that the disaster
recovery backup system has been moved
to other locations”, he said.On the market
outlook, he said it is stable and positive.
He, however, opined that the disturbances
in some of the regions may have some
impact in the long-run.
Source: IT industry in India to grow by billion this fiscal year: Nasscom | Latest Tech News, Video & Photo Reviews at BGR India
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