GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
2-min read

20-25 Lakh Jobs Will be Created in IT Sector in 4-5 Years: Ravi Shankar Prasad

The Minister said in the next five to seven years, India's digital economy will be of an estimated $1 trillion, which is almost Rs 600 lakh crore.

IANS

Updated:May 23, 2017, 6:35 PM IST
facebookTwittergoogleskypewhatsapp
20-25 Lakh Jobs Will be Created in IT Sector in 4-5 Years: Ravi Shankar Prasad
The Minister said in the next five to seven years, India's digital economy will be of an estimated $1 trillion, which is almost Rs 600 lakh crore.
Loading...

New Delhi: Denying the reports of a downturn in employment in the country's IT industry, Electronics and Information Technology Minister Ravi Shankar Prasad on Tuesday said in the coming four to five years, almost 20-25 lakh additional jobs will be created in the sector.

"I completely deny and refute that there is any downturn in the employment in the IT sector. It is robust. Once the digital economy is here, you will see how much it will progress," the Minister said during an interaction with reporters at a press meet in the ministry.

"Indian IT companies are spread across 200 cities and 80 countries around the world, which provide direct employment to 40 lakh people and indirect employment to almost 1.3 crore people. As the industry is moving forward, it is Nasscom's assessment that in the coming four to five years, almost 20-25 lakh additional jobs will be created," he added.

The Minister said in the next five to seven years, India's digital economy will be of an estimated $1 trillion, which is almost Rs 600 lakh crore.

"In the last three years, almost six lakh people have been employed in our IT sector. In 2016-17, the number of people employed was around 1.7 lakh," he said.

"We have common service centres in about 2.5 lakh cities and almost 10 lakh people are employed there."

The Indian IT companies currently serve two-thirds of the Fortune 500 companies and have created 40 lakh direct jobs in India, the ministry said in a statement.

The minister said the IT Ministry has taken note of projections by software industry organisation Nasscom to present an objective and realistic potential of the employment scenario.

"Nasscom has confirmed that the industry continues to be a net hirer and reports that 2.5-3 million new jobs will be created by 2025. In 2016-17, the industry added 170,000 new jobs," the release said.

Speaking on the recent cyber attack by ransomware virus 'WannaCrypt', the Minister said India has been least affected by ransomware.

"About 200 locations were there and they were all standalone computers, because we had taken proactive measures from March itself by having the Microsoft patch being installed, by sending advisories. We are constantly updating," the Minister said.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 346.50 7.98
Yes Bank 191.00 -7.21
Reliance 1,127.40 2.79
ICICI Bank 367.55 -0.66
Indiabulls Hsg 766.20 -4.80
Company Price Change %Gain
Jet Airways 341.30 6.34
Mindtree 837.35 -0.16
Yes Bank 192.70 -6.46
HDFC 1,883.20 1.67
Info Edge 1,369.00 -0.56
Top Gainers
Company Price Change %Gain
Bharti Airtel 332.75 9.31
HCL Tech 1,022.20 3.38
Eicher Motors 24,735.00 3.30
Grasim 831.90 2.87
Reliance 1,127.40 2.79
Company Price Change %Gain
Bharti Airtel 332.40 9.41
Reliance 1,127.00 2.74
SBI 291.00 2.00
Hero Motocorp 2,970.00 1.81
HDFC 1,883.20 1.67
Top Losers
Company Price Change %Gain
Yes Bank 191.00 -7.21
Indiabulls Hsg 766.20 -4.80
JSW Steel 335.10 -2.76
Tata Steel 574.10 -2.59
IOC 143.35 -2.25
Company Price Change %Gain
Yes Bank 192.70 -6.46
Tata Steel 574.75 -2.36
Maruti Suzuki 7,331.00 -2.03
ONGC 156.40 -1.57
Axis Bank 616.80 -1.41

Live TV

Loading...
Loading...