For the financial year 2013, the industry will hire around 200,000 of which 100,000 students have already received offer letters. The industry would end FY12 by hiring 230,000.
Rather the industry would have created direct employment of 2.7 million and indirect employment of around 8.9 million. The IT-BPO sector continues to be one of the largest employers in the country by creating in total jobs for 11.7 million. The industry is expected to increase direct employment by 9 per cent.
"We have projected a growth of 11-14 per cent. We will revisit the same in October. Based on this as of now the hiring will be 200,000, but we think we will either hire similar number as FY12 or slightly higher," said Rajendra Pawar, Chairman, Nasscom.
Rather the industry body believes that across the globe there is shortage of skills in the technology space. The industry also agreed that with elections around the corner in the US, outsourcing rhetoric is but going to go up. "This year we would like to focus on communicating to the world and make people understand how we are creating employment and helping companies across geographies," said Pawar. Over the last few year Indian IT firms have created over 25,000-30,000 jobs in the US. Of the total base of employees being hired by the industry, around 5-6 per cent are foreign employees. "Globally across companies are hiring talent and they are hiring everywhere. Rather the global hiring will go up significantly on a year over year basis. As we expand, not just the IT firms, we do need variety of jobs and skills and we will need to hire from all geographies," said N Chandrasekaran, Vice-Chairman, Nasscom and MD & CEO, TCS.
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