Indian IT sector back on growth path: Kris

Monday, 24 January 2011, 16:00 IST   |    1 Comments
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Thiruvananthapuram: Infosys Chief Executive Officer, Kris Gopalakrishnan has said the Information Technology sector in India is in another growth phase. "In 2008, the industry saw growth coming down to single digits. Most IT companies stopped hiring employees and stopped expanding. Fortunately, growth is back and most companies are hiring in large numbers again. The top five companies are estimated to hire 1,60,000 to 1,80,000 new employees in the next 12 months," Kris said. Gopalakrishnan was delivering the keynote address on 'Sustainable Development Strategies for the Capital City (Thiruvananthapuram)'at a discussion organised by College of Architecture here last evening. "The IT industry has grown fast over the last 15 years. For example, the industry had about 1.50 lakh employees in 1993, around five lakh employees in 1999 and today, the industry employs around 2 million employees," Kris said.
Source: PTI