New Delhi: Denying any downturn in the Indian information technology sector, Law and IT Minister Ravi Shankar Prasad said the industry will create 25-30 lakhs jobs by 2025. “As (the) IT Minister of the nation, I completely deny and refute that there is any downturn in the employment in this sector. It is robust, slated for great growth and once digital economy ushers then you can fathom its development,” Prasad said while sharing the achievements over the last three years of the Ministry of Electronics and IT.
He said that the Indian IT companies have added six lakh jobs in the last three years. “IT companies employ 40 lakh people directly and 1.3 crore people indirectly. We are bringing BPOs in small towns. It is a very exciting situation. Industry is growing and Nasscom has made an assessment that in the coming four to five years, 20-25 lakh more jobs will be created,” Prasad said.
Analysing a report submitted by McKinsey & Co at the Nasscom India Leadership Forum, Head Hunters India founder- chairman and MD K Lakshmikanth said that job cuts in Information technology (IT) sector will be between Rs 1.75 lakh and 2 lakh annually for the next three years due to under-preparedness in adapting to newer technologies. On curbs over H1B visa, Prasad said that Finance Minister Arun Jaitley during his recent visit to the US has conveyed concerns on the issue and Prime Minister Narendra Modi will also convey concerns in this regard to the US government during his visit.
He said that TeamLease analysis for 2017-18 report that IT sector hiring sentiments is positive and is up by 4% in October 2016 to March 2017, compared to the previous six-month period. TeamLease also indicated that the e-commerce and technology startup sector hiring sentiments has increased by 2 per cent, with projected 14.94 per cent job growth.