IT will hire one crore people: Nasscom

If figures tell a story, the technology services' tale has been spectacular: less than $4 billion in 2000 to $62 billion today; an average of 22% yearly growth; from less than 100,000 to over two million employees; an almost non-existent domestic market has grown to $10 billion-a-year opportunity.

Technology bellwether Infosys was 3,000 people in 2000. At the close of the decade, it has grown manpower 40 times to more than 1,25,000. Next 10 years will strengthen India's position as global technology services hub, with Nasscom projecting the industry size at $225 billion by 2020.

"IT will employ one crore people," says Nasscom president Som Mittal. Global tech giants such as IBM, Cisco, Dell, Microsoft, Intel, Oracle, HP and Google have their largest employee base outside the US, in India -- tweaking code, developing software products, filing patents and now eying the local market.Homegrown companies such as Infosys, Wipro, TCS and HCL, which never found a mention in global technology and business reports, are now on 'top quadrant' of Gartner, Forrester, Everest, BCG and others.

"Over the decade, there has been a greater acceptance of the global model of working at a distance," says Mittal. However, the only bad patch was the Satyam episode. "That was an aberration,' says Mittal.

Afnan Pathan

Central Titans

Similar Post :

• Kiran Bedi : A police chief with a difference
• How to add Youtube videos to a blog?
• Are you unemployed
• Steve Jobs: How to live before you die
• Global Resume Tutorial

Comments (0) | Views (463)