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Prospects dim for IT-BPM sector hiring: Economic Survey

Sector to slash between 175,000 and 200,000 jobs annually for the next 3 years

Kiran Rathee  |  New Delhi 

The Survey says there has been a gentle deceleration in net hiring growth rates in India’s information technology and business process management (IT-BPM) sector, which faces a slowdown challenges and political uncertainty. Quoting from a report by executive search firm Head Hunters India, it said job cuts in IT will be between 175,000 and 200,000 annually for the next three years, due to lack of preparedness in adapting to newer technologies.  Quoting another report, from the World Bank, it said automation threatened 69 per cent of jobs in India. A McKinsey & ...

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First Published: Sat, August 12 2017. 02:06 IST
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