HE EIGHT per cent- plus growth clocked up by the economy is beginning to show up where it matters most for the common man — in jobs.
India's infotech ( IT) and infotechenabled services ( ITES) sector is shrugging off its post- meltdown caution and going on a hiring spree.
The result: a deluge of well over two lakh jobs over the coming months. Fresh hires in the IT- BPO sector alone will reach 2.40 lakh, the apex IT and BPO trade body Nasscom revealed on Thursday.
This will come on top of the estimated one lakh hires done in January alone, a peak hiring time for the IT and BPO sectors in India as it coincides with the start of a new financial year in the countries from which the sector secures its outsourcing jobs.
What's more, the pace of fresh hiring is expected to sustain well into 2012- 13 as well.
" The sector will continue with the hiring spree in the coming years. The fresh hiring in IT- BPO alone will reach 2.40 lakh in this fiscal.
In the next fiscal the sector will be hiring two lakh more people," said Som Mittal, president of Nasscom.
According to Mittal the improving demand from the US market and selected European markets will drive the high recruitment.
" The markets in the US and Europe are improving. The Indian software and service export sector is expected to grow by 15- 17 per cent, which is our conservative estimate keeping in view the Euro crisis and Rupee appreciation. So there will be more hiring," Mittal said.
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