Indian IT-ITES industry to create 10 million jobs by 2010
The Indian IT-ITES industry is India’s largest employment generator in the organized sector of today creating jobs for over 7.5 million people both directly and indirectly, and as per Nasscom research this figure is expected to cross 10 million by 2010. A varied combination of factors have led to this - healthy growth environment, attractive remuneration and different kinds of employment opportunities in the new economy based on varying skill sets, and above all the availability of talent in India which meets the employment projections.
What we do need to work on is the quality factor to ensure we remain the highest employment generator and maintain our share of the global offshore IT and ITES industry.” said, Kiran Karnik, President, NASSCOM.
Addressing the aspect of new destinations for the IT-ITES industry, Mr. Karnik added, “Today, this employment is spread across many cities, and the industry is increasingly going to tier II and tier III cities. This process of widespread geographical dispersion of the industry is being adversely affected by the non-extension of the STPI scheme and attendant tax incentives.”
According to NASSCOM, the top 20 companies collectively employ over 500,000 people of the 1.6 million employed directly in the IT-ITES industry. As per Nasscom rankings of the top 20 IT-ITES employers in India for FY 06-07 TCS is the leader followed by Infosys Technologies and Wipro Technologies.