IT Sector Jobs: Good news for IT employees. It seems that there will be a large number of appointments this year as compared to last year …
IT Sector Jobs: Good news for IT employees. It seems that there will be a large number of appointments this year as compared to last year. About 95 per cent of CEOs in the IT sector expect to recruit large-scale employees, according to a NASSCOM survey. Also 67% of CEOs are of the opinion that the IT sector will achieve better results in the financial year 2021 as compared to the financial year 2020.
NASSCOM has forecast 2.3 per cent revenue growth for the information services sector in the 2020-21 (FY21) financial year. IT companies’ revenue is expected to grow to $ 194 billion in FY21. According to the survey, top Indian IT companies performed better in the second half of the 2020-21 financial year.
The IT industry body, in its Strategic Review 2021, entitled “The New World: The Future Is Virtual”, noted that this growth was achieved in the corona era by adapting to technology and accelerating digital practices. The cost to companies of digital methods has contributed to the growth of the IT sector. About 28 to 30 per cent of revenue from the IT sector comes from digital spending.
Despite the corona, the IT sector contributed an 8 percent relative share to the national gross domestic product. It also accounted for 52% of its relative share in service exports and 50% in foreign investment from April to September 2020. Revenue growth in IT came mainly from e-commerce, up nearly 4.8 per cent to $ 57 billion. The hardware segment then grew by 4.1%. And it reached $ 16 billion a year in revenue.
While other companies have laid off many employees through scores .. IT companies have taken on new recruiters. As many as 1,38,000 appointments were made in the 2021 financial year. It is estimated that by the end of 2021, about 4.47 million people will be employed.
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