Friday, January 18, 2008

Indian tech workforce is two million strong

  • Technology workforce in India is set to cross the magical two million mark, with the march from one million to two million happening in just about three years.
  • This reflects both the sector momentum and appetite for growth fuelled by increasing interest in India as a preferred outsourcing destination and also availability of a large technical workforce.
  • The IT and BPO segment has been the largest job creator in the country. If the Government continues to provide encouragement to this industry by way of benefits and incentives.
  • A Nasscom(National Association of Software and Services Companies ) survey released in July 2007 stated that the industry recorded $39.6 billion revenues and employed about 1.6 million as of 2006-07. Last year, while IT software and services added over 1,77,000, ITeS and BPO added 1,38,000 people.

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