60,000 new jobs in Indian IT by end of December

Press Trust of India

New Delhi, November 30: Hiring by IT and IT-enabled services companies in India will go up by 13 per cent to about 60,000 people in the third quarter of the current fiscal as compared to the previous quarter, says a study.


Against popular belief, smaller enterprises with less than 100 employees are in an aggressive hiring mode with an 8 per cent growth projection during the current quarter, said a study by human resources firm, Ma Foi Management Consultants.

As per the Ma Foi Employment Index (MEI), IT and BPO industry in the country will grow by 13 per cent, adding about 60,000 new recruits during October to December as compared to the second quarter (July-Sept) period in 2004.

The growth is calculated from a base of 15 lakh employees estimated to be currently employed in the sector, the Managing Director of Ma Foi, K.Pandia Rajan said while releasing the data here on Tuesday.

With liberalisation and WTO regime in place, recruitment in the trade related industry comes second with a six per cent growth in the third quarter, while healthcare industry will grow by 5.34 per cent during the period, the survey said.

The survey conducted across 18 industry sectors and 3,295 companies in the country shows that while smaller companies with less than Rs 100 crore turnover showed an employment generation of 6.1 per cent, those having a turnover of more than Rs 1,000 crore was pegged at 0.91 per cent.

Region-wise, western region of the country topped the list with a 4.31 per cent expected employment generation during the third quarter, closely followed by south at 3.91 per cent, north at 3.07 per cent and eastern part of the country at 2.41 per cent.