The growth in IT industry's revenues is largely due to adoption of ‘disruptive’ technologies in terms of automation and knowledge-based workforce coming into the sector, Reddy said.
“Business will grow by 12 per cent to 13 per cent. We are confident about that, depending on where the dollar and Rupee would go. In terms of people, it (hiring) is 2,75,000," NASSCOM Chairman BVR Mohan Reddy said on Thursday on the sidelines of a programme organised by IIT-Hyderabad.
In June, Reddy had indicated that IT sector hiring this year would be about 2.3 lakh.
“But if you compare it with the previous years, we will probably add about USD 20 billion extra revenue this year. Last year, we only added about USD 16 billion”, he added.
Reddy said on Thursday that the growth in IT industry's revenues is largely due to adoption of ‘disruptive’ technologies in terms of automation and knowledge-based workforce coming into the sector.
NASSCOM recently said that the Indian IT services industry is on track to reach its goal of USD 225 billion in revenues by 2020 and further to touch revenues of USD 350 billion by 2025.
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