On Sunday, Union minister Ravi Shankar Prasad has denies the reports of a downturn in the Indian IT industry as “completely wrong” and said a good number of people will get jobs in the current fiscal.
Noting that the IT sector worth Rs 9 lakh crore today directly employs about 40 lakh people and indirectly 1.4 crore, the IT minister also said firms like TCS and Infosys have said they would enroll thousands of professionals in the current fiscal.
Ravi Shankar’s statement comes against the backdrop of reports that IT firms in India were in the midst of the industry’s largest economizing drive due to US President Donald Trump’s protectionist policies.
“Coming to the IT sector, a lot of things being told about downturn. It is completely wrong. I want to deny it. The export of Indian IT companies outside is close to Rs 7.4 lakh crore. And the STPI (Software Technology Parks of India) helping entrepreneurs to export (services) worth about Rs 3.5 lakh crore,” he told in a press conference.
He also said 6 lakh appointments have taken place in the last three years of the Narendra Modi-led government.
The minister said “I asked Chandrasekaran, the chairman of Tata sons… he has said TCS alone has appointed 2.5 lakh IT professionals in the last three years. And they are going to appoint 20,000 new graduates in 2017-18,”.
The minister said he recently met Infosys COO Pravin Rao also, who too completely dismissed the media reports on massive jobs cut.
“Rao said last year Infosys appointed 20,000 people and this year they are going to appoint 20,000 more,” he said.
Ravi Shankar Prasad claimed that economizing of 100-200 people had happened on performance ground in the sector.
The minister also concluded that the Indian digital economy will grew to become $1 trillion in the coming 5 to 7 years.
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Himani Sharma, From ITvoir News Desk