IT Jobs likely to be decline in Financial year

The National Association of Software and Services Companies (Nasscom) has recorded close to 14 per cent growth in the IT and services sector in the country during the current financial year.

But however, job creation during the year was likely to drop by 50,000—from 1.8 lakh last year— to 1.3 lakh jobs as the previous fiscal witnessed large-scale recruitment on account of filling backlog posts.

 

Due to US backdrop, European breakdown and economic imbalance the rate was affected and it might be recover soon added by NASSCOM.