The year 2009-10 was a challenging year for the industry as the global recession forced clients to defer plans as well as capacity additions. As per NASSCOM, the first half of the year witnessed freeze on hiring, but gradually as the economic conditions improved, the industry is back to a hiring mode and will remain a net hirer in 2009-10.
As per the National Association of Software and Services Companies (NASSCOM), the IT industry sector has not fully recovered from the economic recession. In the Financial Year 2009-10, the IT-ITES exports growth rate is estimated to be around 5.5%, down from 16.6% in the Financial Year 2008-09. However, with signs of global economic recovery, healthier growth rates are expected in 2010-11 and 2011-12.
This information was given by the Minister of State for Communications & Information Technology, Shri Sachin Pilot in written reply to a question in Rajya Sabha today.
Job opportunity in IT sector in India to grow
Special Correspondent - 2010-03-11 13:36
New Delhi: The job additions are likely to be higher in 2010-11 than in Financial Year 2009-10 in IT sector. As per NASSCOM, during the Financial Year 2009-10, the direct employment in this sector is estimated to reach nearly 2.29 million from 2.20 million in the previous year.