Why Indian IT's job target is under cloud

The pace of job generation has slowed as IT firms look at automation to do testing

Slow IT growth, high talent supply may keep salaries low
Cognizant has shed 5,100 jobs in the past six months

India’s information technology (IT) industry could significantly fall short of its targeted generation of 130,000-150,000 new jobs this year as large companies such as Cognizant, Infosys, and Tech Mahindra (TechM) shed people to embrace automation and focus on productivity of the workforce. The National Association of Software and Services Companies (Nasscom), the software industry lobby, had estimated that 130,000-150,000 jobs would be created even as it forecast a lower growth of 7-8 per cent this year. “We don’t give guidance for employment, but we did ...