Hyderabad: IT industry body Nasscom on Thursday forecasted that the Indian IT industry would add upto 1.5 lakh new jobs in the current financial year, despite concerns expressed by experts over slowing job growth in the sector due to automation.
“The IT-BPM industry is expected to add 1.3-1.5 lakh new jobs during 2017-18,” said Nasscom president R. Chandrashekhar. This is lower than the number of jobs — 1.7 lakh — added last fiscal.
While admitting that the IT industry, academia and students need to revamp their approach for staying relevant, the industry body ruled out the need for panic.
Analysts have been red flagging the issues like automation, AI and protectionism, which could harm the growth story of the Indian IT industry.
Taking about the slow job creation due to automation, he said “change in job requirements and profile is nothing new to the IT industry. This phenomenon is happening in all sectors. However, it is more pronounced in the IT industry and how we respond to this holds lesson for other sectors”.
