No, 30 Lakh IT Employees Won’t Get Fired; Top 5 IT Firms Already Hired 96,000 Employees! (Nasscom Clarifies..)

The top five Indian IT companies are reportedly planning to recruit more than 96,000 employees in 2021-22.

The IT industry of India has been revealed to be a net hirer of skilled talent, as per Nasscom.

Read on to find out all the details!

Top Five Indian IT Companies To Hire More Than 96000 Employees

Nasscom, the IT industry body has stated that robust hiring plans are in the pipeline by pick players for 2021 2022 with the top five Indian IT companies having plans to hire more than 96,000 employees. 

Nasscom has issued a statement, wherein it states, “With the evolution of technology and increasing automation, the nature of traditional IT jobs and roles will evolve overall leading to creation of newer jobs. The industry continues to be a net hirer of skilled talent, adding 1,38,000 people in FY2021.”

The industry is reportedly trying to upskill more than 250,000 employees in digital skills. More than 40,000 fresh digitally-trained talent have been hired, which shows the industry’s commitment and investment towards rapid enhancement of workforce capabilities.

Additionally, the industry has one of the strongest deal pipelines and a strong business outlook And with the help of both these factors, the industry will definitely complete its target of USD 300-350 billion revenues by 2025.

IT Industry To Continue Creating Jobs

As per the report by Nasscom, the IT industry will continue to create net jobs and is “committed to people-centric innovation, relentless talent focus.” It also will deliver a superior transformative customer experience.

Also, the business process management (BPM) sector employs over 1.4 million people (excluding domestic and in-house) in India. The BPM sector is also known as the sector ripe for automation.

The report also states that 4.5 million people are hired overall by the IT-BPM sector as of March 2021. 

Additionally, automation and RPA (robotic process automation) is also growing in the last three years and have also resulted in a net creation of jobs for the BPM sector. 

As per the NASSCOM-McKinsey Report, the addressable opportunity for BPM is USD 180-220 billion. This will also create a potential for growth and jobs.