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Software and services industry body Nasscom will be issuing the much awaited guidance and trends of the sector for the current financial year here tomorrow. Software and services industry
body Nasscom will be issuing the much awaited guidance and trends of the sector for the current financial year here tomorrow. According to an official intimation from the body,
Nasscom's chairman Raman Roy, vice chairman Rishad Premji and president N Chandrashekhar will be announcing the much awaited annual ritual which otherwise is normally held in February
every year. Nasscom for the first time deferred giving its outlook of the USD 155 billion industry in February and postponed to April-June quarter, as the headwinds including immigration and
H-1B visas, rise. Former Nasscom chairman and founder and executive chairman of Cyient Limited BVR Mohan Reddy hoped that the industry may grow between 8 and 10 per cent during the current
fiscal. He, however, said the hirings by the IT companies may come down by up to 25 per cent compared to last year. "Hiring will be lower. The number will be in the range of 150,000 to
180,000 compared to little over 200,000 last year," Reddy told (This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
