IT firms didn’t Lose Jobs, But Added 1.7 Lakh, Says NASSCOM

Vastavam web: Here is good news for software professionals as the NASSCOM has announced the rumors of minimizing the staff of some IT firms is not correct but at the same time Indian IT industry will add 1.7 Lakh jobs in this year. Recently IBM, Tech Mahendra, CISCO and some other firms have announced that they are reducing their staff and this news has created flutter in the industry. But now the NASSCOM has announced that India's IT companies added 1.7 lakh jobs in the last one year alone, 50,000 of them in Q4, or the first three months of 2017,industry body Nasscom announced on Thursday, suggesting reports of mass layoffs in the sector are over-hyped. Rather, it said, the sector would continue to create about 20-25 lakh jobs within the next decade.

IT is the brand that defined India, growing from an industry made up of just about 4.3 lakh people in 2001 to 40 lakh, Nasscom president R Chandrashekhar said. And it will keep growing; to an estimated 60-65 lakh by 2025.