Indian IT Industry To Grow By 2.3% In FY21 Despite Contraction In Tech Spends: Nasscom

The industry remained a net hirer in the fiscal year, which saw a major hit across the world because of the COVID-19 pandemic, with 1.38 lakh new jobs added to take overall employment to 44.7 lakh, it said.

The Indian IT industry revenues are set to grow by 2.3 per cent to $194 billion in FY2020-21 and the exports will go up by 1.9 per cent to $150 billion, industry lobby Nasscom said on Monday.

The industry remained a net hirer in the fiscal year, which saw a major hit across the world because of the COVID-19 pandemic, with 1.38 lakh new jobs added to take overall employment to 44.7 lakh, it said.

“We have emerged more resilient and more relevant from the crisis. We have been the bellwether to lead the fight against COVID,” the body’s president Debjani Ghosh said.

Source: Financial Express

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