‘IT firms’ net hiring to be flat in FY17, exports to slow: Nasscom

Indian software and services companies are likely to hire 2,00,000 people in FY17, the same number that was recruited in FY16, according to a report by industry body Nasscom. Moreover, export revenues are expected to see a modest increase of 10-12 per cent to $119-121 billion, according to projections released .

The technology sector is the largest private sector employer in the country with 3.5 million people, and the second biggest in the country in terms of number of people employed, after Indian Railways. A slower growth would mean bad news for the entire economy, as every one job created in the IT industry would, in turn, create three more jobs, according to estimates by Nasscom.

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“The emphasis has moved from qualifications to skills,” Nasscom president Rentala Chandrashekhar said on Thursday. He indicated that the job additions would be flat as companies move to hire people with skills and knowledge in areas such as digital, rather than engineering graduates.

The number of hirings is flat because clients as well as technology companies are going for automation. FE