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IT sector to absorb 80,000 engineering graduates
By SiliconIndia   |   Sunday, 01 November 2009, 18:07 Hrs   |    53 Comments
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IT sector to absorb 80,000 engineering graduates
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.

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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.
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 - 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 - 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 - 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 - 02 Jul, 2010
8: Let's hope for the best.
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 - 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 - 02 Jul, 2010
12:
Hi RKC,
Don't be pessimistic, be an optimistic.
Mahipal Replied to: RKC - 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 - 02 Jul, 2010
14:
Corrections........."be optimistic" or "be an optimist"
suryaprakash Replied to: Mahipal - 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 - 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 - 02 Jul, 2010
18:
corrections............. " who are going to be passed out" "still there is no campus"
suryaprakash Replied to: sibanand - 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 - 02 Jul, 2010
20:
campus is not only the way get jobs
nishikanth Replied to: sibanand - 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 - 02 Jul, 2010
22:
corrections...... "only way to get"
suryaprakash Replied to: nishikanth - 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 - 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)
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 - 02 Jul, 2010
26:
wth i am a men i was absorbed in IT companies...it compines dont need cocksuckers...
abksh Replied to: dibupaulk - 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 - 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 - 02 Jul, 2010
30:
IT time is over sir. please try another line
kukku Replied to: Kamesh - 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 - 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 - 02 Jul, 2010
34:
Don't worry some how you will get some job
kamesh Replied to: Muzamil Ahamed - 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 - 02 Jul, 2010
36:
we all 2010 batch studends are waiting with that hope only....
sibanand Replied to: kamesh - 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 - 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 - 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 - 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 - 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 - 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 - 02 Jul, 2010
46:
Well, Its definately a positve sign.....
Raj Replied to: Lucky - 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 - 02 Jul, 2010
48:
but the question is how much grads will IT companies absorb ib coming 2-4 years ...
anshu Replied to: Raj - 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 - 02 Jul, 2010
50:
SWAMY
guruswamy Replied to: anshu - 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 - 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 - 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 - 02 Jul, 2010
Beautiful and dress selection, please go to Dresses
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