The government on Thursday said the domestic IT sector has not recovered fully and is expected to grow by 5.5 per cent in 2009-10 against a growth rate of 16.6 per cent in the previous fiscal.
"As per the Nasscom, the IT industry has not fully recovered from the economic recession. In FY 2009-10, the IT-ITeS exports growth rate is estimated to be around 5.5 per cent," Minister of State for Communications and IT Sachin Pilot said.
This is down from 16.6 per cent in 2008-09, he added. With the signs of global economic recovery, healthier growth rates are expected in 2010-11 and 2011-12, he said. He added that in 2009-10, direct employment in the sector is estimated to reach nearly 2.29 million from 2.20 million in the previous year.
"For 2010-11, Nasscom has indicated that the job additions are likely to be higher than in FY 2009-10," Pilot said.
© 2026