The Indian IT industry rose by 2.3 per cent to $194 billion in FY2020-21, while the export will increase by 1.9 per cent to $150 billion, Nasscom said.
The industry continues to stay as a net hirer in the fiscal year, which had gone through a large hit throughout the world because of the coronavirus, along with 1.38 lakh new jobs added to take overall employment to 44.7 lakh.
Debjani Ghosh, the body’s president said, “We have emerged more resilient and more relevant from the crisis. We have been the bellwether to lead the fight against COVID.”
She also said that the industry is the first sector to recuperate from the disaster caused by COVID-19 and had risen regardless of headwinds such as a 3.2 per cent drop in technology spends throughout the world on a 3.5 per cent decline in the GPD worldwide.
The total deal pipeline is more than $15 billion, the listed companies had listed.
Out of 100 industry chief executives, 71% of them said that global tech spend will look up this year, in 2021.
A new apprenticeship law with more opportunities for the youth had also been brought up by this Central Government, this February.