New Delhi, April 11: Indian IT & ITeS companies are likely to hire nearly 50,000 less people this fiscal. According to IT sector lobby Nasscom the $100-billion industry has a large scale backlog of recruitments from last year which will resulting lower hiring in the current fiscal than the earlier year.
“Last year, we added 1.8 lakh jobs net. This year, it will be 1.3 lakh to 1.5 lakh jobs. Last year, there was filling up back logs because we had shrunk our pipeline. We are still the largest employers of white collar sectors of the country, which has 3 million young people at the age of 27,” said Som Mittal, President, Nasscom.
Mittal also said the attrition has stabilised and is expected to be between 13-15% this year.
The current fiscal estimates pegs the growth in the IT industry to be around 12 to 14 per cent in dollar terms, adding to $13 billion to $15 billion new business in both domestic and export levels.
The sector witnessed $76 billion exports and $32 billion domestic business including hardware last year. In 2012-13, the industry has grown 10.2 per cent in dollar terms and 10.9 per cent in constant currencies and 21 to 22 per cent in rupee terms.
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