Information technology sector has shown robust growth in current fiscal: NASSCOM chief<\/p>\n
The information technology (IT) sector is set to become a $227 billion industry in the current fiscal, registeringa 15.5 per cent growth, industry body NASSCOMsaid on Tuesday.<\/p>\n
This is the highest growth in over a decade and NASSCOM's president Debjani Ghosh described it as a year of resurgence, after the one of resilience in the immediate aftermathof the pandemic.<\/p>\n
The IT industry revenues had grown by 2.3 per cent to $194 billion in 2020-21.In its yearly strategic review for 2021-22, NASSCOMsaid the industry added 4.5 lakh new jobs to take the overall direct employees to 50 lakh people.<\/p>\n
Over 44 per cent of the new hires were women, and their overall share is now 18 lakh.Export revenues grew 17.2 per cent to $178 billion, while the domestic revenues grew 10 per cent to $49 billion, it said.<\/p>\n
New age digital services share grew 25 per cent to $13 billion and India has a strong workforce geared for technologies of the future, Ms Ghosh said.<\/p>\n
NASSCOM, which has ceased to give a growth projection for the future, said that a chief executives' survey pointed to another growth year. Over 70 per cent of those polled said they will be able to maintain growth in 2022 as well.<\/p>\n
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Information Technology Sector Grew 15.5% In 2021-22: NASSCOM - NDTV Profit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Information technology sector has shown robust growth in current fiscal: NASSCOM chief The information technology (IT) sector is set to become a $227 billion industry in the current fiscal, registeringa 15.5 per cent growth, industry body NASSCOMsaid on Tuesday. This is the highest growth in over a decade and NASSCOM's president Debjani Ghosh described it as a year of resurgence, after the one of resilience in the immediate aftermathof the pandemic Continue reading