Jobs in IT industry cross 1 million mark

By siliconindia staff writer   |   Friday, 03 June 2005, 19:30 IST
Printer Print Email Email
BANGALORE: Employment base in IndiaÂ’s high-growth information technology and related industry (excluding hardware) has crossed the one million mark, IT body Nasscom today said. IT software and services employee base has grown at a compounded annual growth rate (CAGR) of 23.6 percent, from 242,000 in 2001-02 to 697,000 in 2004-05, findings of a Nasscom (National Association of Software and Services Companies) survey released here today said. ITES-BPO (Information technology enabled services-business process outsourcing) employee base has grown at CAGR of 52.6 percent, from 42,000 in 2001-02 to 348,000 in 2004-05, it said. While these are figures on direct employment, indirect employment attributed to IT-ITES, like catering, security and transport services, was 2.5 million in 2004-05, Nasscom President Kiran Karnik said. "Its an important landmark", Karnik added.