Nasscom's deferred IT sector guidance tomorrow; skilling likely to be central theme

Nasscom for the first time deferred giving its outlook of the US $155 billion industry in February and postponed to April-June quarter, as the headwinds including immigration and H-1B visas, rise.

PTI June 21, 2017 17:23:39 IST
Nasscom's deferred IT sector guidance tomorrow; skilling likely to be central theme

Hyderabad: Software and services industry body Nasscom will be issuing the much awaited guidance and trends of the sector for the current financial year here tomorrow.

According to an official intimation from the body, Nasscom's chairman Raman Roy, vice chairman Rishad Premji and president N Chandrashekhar will be announcing the much awaited annual ritual which otherwise is normally held in February every year.

Nasscoms deferred IT sector guidance tomorrow skilling likely to be central theme

Reuters

Nasscom for the first time deferred giving its outlook of the US $155 billion industry in February and postponed to April-June quarter, as the headwinds including immigration and H-1B visas, rise.

Former Nasscom chairman and founder and executive chairman of Cyient Limited BVR Mohan Reddy hoped that the industry may grow between 8 and 10 percent during the current fiscal.

He, however, said the hirings by the IT companies may come down by up to 25 percent compared to last year.

"Hiring will be lower. The number will be in the range of 150,000 to 180,000 compared to little over 200,000 last year," Reddy told PTI.

According to him, tomorrow's meeting will emphasis on how to skill, reskill and up-skill people to meet the current technological changes.

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