Nasscom on Thursday said the Indian information technology (IT) and business process outsourcing (BPO) industry would hire 150,000 people this year. Nasscom president Som Mittal also said that the domestic market is expected to witness 12 percent growth this year and would reach up to Rs 66,200 crore.
“I think we have reached the better bottom line now and I will be surprised if there are less than 150,000 jobs are taken this year. Growth in emerging verticals such as retail, healthcare and utility would be higher and they are growing three times faster than core verticals,” Mittal told reporters here.
The findings of the association also said that the industry would continue to be a net hirer with direct employment expected to grow by four percent and cross 2.3 million with over 90,000 jobs added in FY09-10. Asia pacific is the fastest growing geography with an estimated growth of 10 percent. Infrastructure services would also be a key growth driver for the industry with an estimated growth of 10.5 percent in the next fiscal, it added.