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February 9, 2001
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Money > Business Headlines > Report February 9, 2001 |
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 Nasscom sees need for 205,000 IT professionals by 2002Kanchana Suggu in Bombay Nasscom 2001 has some good news for Indian software professionals: in the next 24 months, the Indian IT and software services industry would require a total of 2,05,000 IT professionals, opening up opportunities galore. According to a National Association of Software and Services Companies (Nasscom) study, in 2001 alone, almost 122,000 IT professionals would be available and this would increase by about 12-15 per cent in 2002 to about 138, 000 IT professionals. However, initially the supply for IT professionals would exceed the demand. Meantime, Nasscom president Dewang Mehta expressed his concern over the fact that quality workforce was lacking in India. "The job market is likely to remain tight but could ease over a period of time, provided the government and industry take relevant measures to increase the supply of experienced knowledge workers and specialists," Mehta said. The Nasscom study also showed that there was a significant shortage of IT professionals in the UK, Italy and Germany, as well as in emerging markets like Singapore and New Zealand. "The increase in issuance of H1B visas to Indian IT professionals as a result of recent US legislation as well as the various initiatives launched by Germany, Japan, the UK, Korea, Italy, Norway, Hungary and Singapore is further expected to increase the demand for skilled manpower originating from India," Mehta said. He also said that Europe alone had projected a shortage of more than 200, 000 IT professionals followed by Japan where there is expected to be a shortfall of 1 million system engineers over the next five years. Other highlights of the survey were that the hiring of IT professionals was highest in South India at 43 per cent and lowest in the eastern region at 5 per cent. Also, there was an average increase of 18 per cent in basic salaries for IT professionals during 2000. Nasscom's projections on IT workforce requirement in India are 90,000 in 2001, 115,000 in 2002, 150,000 in 2003, 195,000 in 2004, 250,000 in 2005, 300,000 in 2006, 340,000 in 2007 and 370,000 in 2008. SEE ALSO: |
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