Unemployment in IT Industry due to Recession in Other Countries
Most of the Information Technology-Information Technology Enabled Services (IT-ITES) exports from the country are to USA and European countries. As per National Association of Software & Services Companies (NASSCOM), the IT-ITES exports to USA and the European countries (including U.K.) account for almost 90% of the total IT-ITES exports from the country.
The direct employment by IT-ITES industry has increased from 2.54 million in FY2010-11 to 2.77 million in FY2011-12 with a net addition of 2.30 lakh employees in the work force.
The Minister of State for Communications and Information Technology Shri Sachin Pilot stated this in the Rajya Sabha today.
BK/AT/PM