IT-BPM industry to slow down its hiring this year
The Dollar Business Bureau The Indian IT-BPM industry could continue to witness a fall in hiring this year, largely due to automation of customary processes in the industry, Nasscom predicted on Thursday. “Fresh hiring is static or is generally declining. Due to automation, we are not hiring at same pace,” said R Chandrashekhar, President, Nasscom. Chandrashekhar noted that although hiring is currently low, the IT-BPM industry would need about 1.2 -2 million additional staff to meet the industry’s set revenue target of $100 billion by 2025. The industry currently employs 3.7 million people, and it would need to up-skill 60-70% of its staff by 2025 to keep pace with the technological advancement undertaken across all industries, he said at the 13th Nasscom HR Summit 2016. “Employees in this ...
IT-BPM industry maintains 12.3% exports growth in FY2016
The Indian IT-BPM industry is expected to sustain growth projection of 10-12% in the financial year 2017 The Dollar Business Bureau The growth prospects are in line with the industrys earlier projection to reach $350 billion by 2025, led by the surge in digital revenues Indias IT-BPM industry is expected to cloak a double-digit growth of 12.3% in exports and 10% in domestic revenue during the financial year 2016-17, the National Association of Software and Services Companies (NASSCOM) said in its report, citing various industry trends including the countrys growing digital technology and consumer economy that would enable this growth. Keeping in mind the global spending on technology, the industry body has projected the double-digit growth to continue during the financial year 2017. ...
