IT Sector To Hire 1.20 Lakh This Year: Experts

Monday, 29 July 2013, 12:07 Hrs
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New Delhi: The country's IT & ITeS industry would generate as many as 1.20 lakh jobs this year even as campus hiring is likely to remain subdued, experts say.

While there has been a drop in campus hiring in IT sector as the industry reels under a economic downturn in the West, jobs added this year will see large hiring from the market.

"Last year, the campus hiring numbers had dipped from the normal and this year, it is not going to be any different. We estimate that there will be around 1,20,000 jobs created this year," talent assessment company Merit Trac Head of Innovation and Corporate Business Rajeev Menon said.

The IT sector is set to grow by 12 to 14 percent this year, as per Nasscom estimates.

Over the years, large IT companies have relied on campus hiring for large scale recruitment. However, since 2008, these companies have been trying hard to adjust to changing economic and business landscape and campus hiring has been impacted.

Last year, around 1.8 lakh graduates were placed in the IT sector. The number, however, is expected to be 30 percent less this year.

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Source: PTI
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