Govt admits that Indias IT sector is now creating less and less new jobs
The net additions of IT professionals has dropped since FY15 however total employees in the sector have grown in FY17.
Key Highlights
- Net additions in the IT sector have declined from FY15.
- Net additions in FY17 were 175,000.
- Total employees in the sector increased to 3,863,000 in FY17.
Although India's IT sector continues to employ nearly 40 lakh people, the rate of generating new employment is falling year after year.
Minister of State for Electronics and Information Technology, PP Chaudhary in a reply to Lok Sabha on Wednesday shared data to this effect. He said, “According to NASSCOM (National Association of Software and Services Companies), the IT-ITES industry is estimated to employ nearly 3.9 million people in 2017, an addition of ~175,000 people during the year 2016-17."
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