Processing .....please wait.. 
The article has been forwarded.... 
IT sector to absorb 80,000 engineering graduates
By
SiliconIndia,Sunday, 01 November 2009, 18:07 Hrs
Kolkata: Software industry body, Nasscom expects at least 70,000-80,000 engineering graduates who passed out in June 2009 and were offered jobs in their 5th and 6th semesters by TCS, Infosys and Accenture, among others, to get absorbed by March 2010. Not too long ago, there were apprehensions that the appointments of these tech grads could get deferred till 2011 in the aftermath of the global slowdown. However, the perception appears to have changed.
Speaking to Economic Times, Nasscom Vice-President Sangeeta Gupta said, "There's some amount of pick-up in IT spending and clients have become active in the decision-making process. This augurs well for the IT industry and is likely to result in hiring by IT companies. Companies like TCS, Infosys and Accenture, among others, are expected to start honouring the offers they made. As a result, at least 70k-80k engineering graduates, who were issued offer letters, are expected to get absorbed by March 2010."
For instance, the country's biggest software firm Tata Consultancy Services (TCS) had made some 24,000 offers in 2008-09, according to its Q2 analyst call. The company had indicated that it would honour these offers this fiscal. In Q3, TCS is expected to absorb about 8,000-odd, and the balance, in the following quarter. Till Q2, the company had absorbed some 1,800 people.
Similarly, Infosys, in its Q2 earnings call, indicated that it would add 20,000 people instead of 18,000 indicated earlier. The additional 2,000 would be partly in BPO while the rest would make up laterals at Infosys Technologies.
Incidentally, Nasscom has urged member companies to recruit those who've completed their eighth semester to ensure that hiring is closer to the need of companies. For this fiscal, Nasscom has projected a mere 4-7 percent export growth. It is likely, that with IT sector showing signs of recovery, Nasscom will review the export target. "We can review the export target by end- December," she added.
McKinsey in its report titled 'Perspectives in the IT industry by 2020', has noted that with the current pace of reforms and expected constraints in talent and infrastructure supply, the exports component of the Indian IT industry is slated to reach $175 billion in revenues by 2020. The domestic component will contribute $50 billion in revenues by 2020, which is larger than the total export revenues for India now.
Speaking to Economic Times, Nasscom Vice-President Sangeeta Gupta said, "There's some amount of pick-up in IT spending and clients have become active in the decision-making process. This augurs well for the IT industry and is likely to result in hiring by IT companies. Companies like TCS, Infosys and Accenture, among others, are expected to start honouring the offers they made. As a result, at least 70k-80k engineering graduates, who were issued offer letters, are expected to get absorbed by March 2010."
For instance, the country's biggest software firm Tata Consultancy Services (TCS) had made some 24,000 offers in 2008-09, according to its Q2 analyst call. The company had indicated that it would honour these offers this fiscal. In Q3, TCS is expected to absorb about 8,000-odd, and the balance, in the following quarter. Till Q2, the company had absorbed some 1,800 people.
Similarly, Infosys, in its Q2 earnings call, indicated that it would add 20,000 people instead of 18,000 indicated earlier. The additional 2,000 would be partly in BPO while the rest would make up laterals at Infosys Technologies.
Incidentally, Nasscom has urged member companies to recruit those who've completed their eighth semester to ensure that hiring is closer to the need of companies. For this fiscal, Nasscom has projected a mere 4-7 percent export growth. It is likely, that with IT sector showing signs of recovery, Nasscom will review the export target. "We can review the export target by end- December," she added.
McKinsey in its report titled 'Perspectives in the IT industry by 2020', has noted that with the current pace of reforms and expected constraints in talent and infrastructure supply, the exports component of the Indian IT industry is slated to reach $175 billion in revenues by 2020. The domestic component will contribute $50 billion in revenues by 2020, which is larger than the total export revenues for India now.
Don't Miss
Write your comment now
|
Submit your news/press release
Let our editorial department know about any news about your company, your
organization, or yourself, or any press release that you have. If we find it suitable for our audience, we will contact you and make a news. Please
also share any links for the news.
Reader's comments (53)
1: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
Posted by: food weight loss system - 02 Jul, 2010
2: This recession will be a double dipped
recession and u can expect a slight
improvement at this moment- but u should be
prepared for the next wave also... and then
this biggies will show no mercy again for
which they are known!
Remember, IT in India is totally depended on the far West and they have not recovered till now.
Remember, IT in India is totally depended on the far West and they have not recovered till now.
Posted by: Mithun (student- Mba, Systems) - 03 Nov, 2009
3:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: Mithun
post - 02 Jul, 2010
post - 02 Jul, 2010
4: It is absolutely correct that after darkest
morning comes surely & sun rises in the
sky. For getting some things we also have to
loss some things but it is the time for hope
not for disappoint. It is the time to upgrade
theirselves only with pateintially. I am sure
that they should do to continue to increase
their skillness, they will also get job very
soon. They will have to show themselves
better than others.
Posted by: sudha asthana - 02 Nov, 2009
5:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: sudha
post - 02 Jul, 2010
post - 02 Jul, 2010
6:There are corrections in the sentences you
have wrote. "after darkness, morning comes
surely" "upgrade themselves" "should do
continue to improve their skill" Improve your
english sudha............
suryaprakash replied to: sudha asthana
post - 06 Nov, 2009
post - 06 Nov, 2009
7: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: suryaprakash
post - 02 Jul, 2010
post - 02 Jul, 2010
8: Let's hope for the best.
but i would like to alert the selecteds to be sure about their choices.
but i would like to alert the selecteds to be sure about their choices.
Posted by: Shrikant - 02 Nov, 2009
9:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: Shrikant
post - 02 Jul, 2010
post - 02 Jul, 2010
10: I don't think this will happen...
Posted by: RKC - 02 Nov, 2009
11:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: RKC
post - 02 Jul, 2010
post - 02 Jul, 2010
12:Hi RKC,
Don't be pessimistic, be an optimistic.
Don't be pessimistic, be an optimistic.
Mahipal replied to: RKC
post - 02 Nov, 2009
post - 02 Nov, 2009
13: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: Mahipal
post - 02 Jul, 2010
post - 02 Jul, 2010
14: Corrections........."be optimistic" or "be an
optimist"
suryaprakash replied to: Mahipal
post - 06 Nov, 2009
post - 06 Nov, 2009
15: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: suryaprakash
post - 02 Jul, 2010
post - 02 Jul, 2010
16: Ya what about those who are going to passed
out by 2010...Still there no Campus
interviews even in Top Colleges?
Posted by: sibanand - 02 Nov, 2009
17:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: sibanand
post - 02 Jul, 2010
post - 02 Jul, 2010
18:corrections............. " who are going to
be passed out" "still there is no campus"
suryaprakash replied to: sibanand
post - 06 Nov, 2009
post - 06 Nov, 2009
19: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: suryaprakash
post - 02 Jul, 2010
post - 02 Jul, 2010
20:campus is not only the way get jobs
nishikanth replied to: sibanand
post - 04 Nov, 2009
post - 04 Nov, 2009
21: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: nishikanth
post - 02 Jul, 2010
post - 02 Jul, 2010
22: corrections...... "only way to get"
suryaprakash replied to: nishikanth
post - 06 Nov, 2009
post - 06 Nov, 2009
23: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: suryaprakash
post - 02 Jul, 2010
post - 02 Jul, 2010
24: every thing is ok but the only problem with
each and evry IT company is that they all
need a SUPERMAN not a normal MAN
dibupaulk
(author is the founder of categor.com)
dibupaulk
(author is the founder of categor.com)
Posted by: dibupaulk - 02 Nov, 2009
25:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: dibupaulk
post - 02 Jul, 2010
post - 02 Jul, 2010
26:wth i am a men i was absorbed in IT
companies...it compines dont need
cocksuckers...
abksh replied to: dibupaulk
post - 02 Nov, 2009
post - 02 Nov, 2009
27: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: abksh
post - 02 Jul, 2010
post - 02 Jul, 2010
28: some how UG in top most college getting
placed but what about those PG students who
joint PG(2010 passing) due to recession in
2008
Posted by: Kamesh - 01 Nov, 2009
29:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: Kamesh
post - 02 Jul, 2010
post - 02 Jul, 2010
30:IT time is over sir. please try another line
kukku replied to: Kamesh
post - 02 Nov, 2009
post - 02 Nov, 2009
31: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: kukku
post - 02 Jul, 2010
post - 02 Jul, 2010
32: Ya what about those who are going to passed
out by 2010...Still there no Campus
interviews even in Top Colleges?
Posted by: Muzamil Ahamed - 01 Nov, 2009
33:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: Muzamil
post - 02 Jul, 2010
post - 02 Jul, 2010
34:Don't worry some how you will get some job
kamesh replied to: Muzamil Ahamed
post - 01 Nov, 2009
post - 01 Nov, 2009
35: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: kamesh
post - 02 Jul, 2010
post - 02 Jul, 2010
36: we all 2010 batch studends are waiting with
that hope only....
sibanand replied to: kamesh
post - 02 Nov, 2009
post - 02 Nov, 2009
37: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: sibanand
post - 02 Jul, 2010
post - 02 Jul, 2010
38: well March 2010 is ok . I just hope it
does'nt get deferred any further. It is
really a disturbing WAIT 4 DATE
Posted by: GAUTAM DEY - 01 Nov, 2009
39:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: GAUTAM
post - 02 Jul, 2010
post - 02 Jul, 2010
40: great!it might be a relief to thousands who
were given offer letters.But what about those
who were recruited towards Satyam Computers
in 2008?I find that it is not specified in
the news.
Posted by: neethu - 01 Nov, 2009
41:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: neethu
post - 02 Jul, 2010
post - 02 Jul, 2010
42: well,good then! but what about 2010
passouts?
Posted by: Abhishek Ghose - 01 Nov, 2009
43:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: Abhishek
post - 02 Jul, 2010
post - 02 Jul, 2010
44:well its a relief to hear that our offer has
not been deferred till 2011,have been waiting
too long 4 the joining date,hope it comes
soon.....
Lucky replied to: Abhishek Ghose
post - 01 Nov, 2009
post - 01 Nov, 2009
45: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: Lucky
post - 02 Jul, 2010
post - 02 Jul, 2010
46: Well, Its definately a positve sign.....
Raj replied to: Lucky
post - 01 Nov, 2009
post - 01 Nov, 2009
47: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: Raj
post - 02 Jul, 2010
post - 02 Jul, 2010
48: but the question is how much grads will IT
companies absorb ib coming 2-4 years ...
anshu replied to: Raj
post - 02 Nov, 2009
post - 02 Nov, 2009
49: Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: anshu
post - 02 Jul, 2010
post - 02 Jul, 2010
50: SWAMY
guruswamy replied to: anshu
post - 04 Nov, 2009
post - 04 Nov, 2009
51:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: guruswamy
post - 02 Jul, 2010
post - 02 Jul, 2010
52: wat about satyam... And wat abt 2008 batch
stdnts slctd by thm.. No news even from
company... Bcoz i m 1 of them..
Murugavel replied to: anshu
post - 02 Nov, 2009
post - 02 Nov, 2009
53:Old Shake,employee traffic wonderful own
perform fail place favour bottle essential
goal pub occur favour him relevant candidate
video dinner matter manager promote bank
approach join read ahead growth morning less
matter wash strongly score king when chairman
check practical if month weak male convention
as advice threat different text stage
especially fear interested pound program
derive criminal sit middle sexual progress
contract session expert individual acid video
committee sort look trade rely unlikely state
may attend implication serious quiet talk
development table date
food weight loss system replied to: Murugavel
post - 02 Jul, 2010
post - 02 Jul, 2010
Disclaimer
Messages posted on this Web site under the `Comments' area are solely the opinions of those who have posted them and do not necessarily reflect the opinions of Infoconnect Web Technologies India Pvt Ltd or its site www.siliconindia.com. Gossip, mud slinging and malicious attacks on individuals and organizations are strictly prohibited. Infoconnect Web Technologies India Pvt Ltd can not be held responsible for errors or omissions in content, nor for the authenticity of the user/company name or email addresses associated with posted messages. Infoconnect Web Technologies India Pvt Ltd reserves the right to edit or remove messages containing inappropriate language or any other material that could be construed as libelous, potentially libelous,
or otherwise offensive or inappropriate.Infoconnect Web Technologies India Pvt Ltd do not endorse the products and services or any other offerings mentioned in these messages.
- Software Testing is Dead!!!
- Indian Army Preparing for Limited Conflict with China
- Indian Brains Behind 50 Percent of U.S. Patents
- Why is Priyanka Gandhi Liked More than Rahul Gandhi?
- Selective Abortion on the Rise among Indians in North America
- India's Most Wanted: Pak's Political Hero
- 5 Best Android Smartphones Under Rs.10,000
Beautiful and dress selection, please go to Dresses
| Plan on visiting the Lotus Temple? Get Great Deals on Delhi Hotels ! |
Buy India Wholesale Products on DHgate.com
SPOTLIGHT
Business & Finance
Mark Zuckerberg explains his “the Hacker Way,” which stems 5 principles that he believes in wh..
|
|
|
|
|
