Hiring
activity in the IT sector is likely to be muted this year, Infosys
Co-founder and Executive Co-Chairman S Gopalakrishnan has said.
"Hiring
position seems to be muted this year because many companies still have
deep bench (strength), in other words their utilisation rate is still
low," he told PTI.
The $100-billion India
IT-ITeS sector faced strong headwinds in 2012-13 due to global economic
slowdown and muted spending in North America and Europe, which accounts
for 80 per cent of Indian IT companies revenues.
Industry-body
Nasscom expects a rise in global technology spending and opportunities
created through adoption of disruptive technologies to propel growth in
FY 2014.
Nasscom expects export revenues of
$84-87 billion in 2013-14 fiscal at a growth rate of 12-14 per cent.
Exports were estimated to have grown by 10.2 per cent to $75.8 billion
in FY 2013.
The Indian IT industry, which
contributes about 7.5 per cent to the country's economy, gives direct
employment to 25 lakh people.
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