"IT job crisis due to recession in other countries"

Last Updated: Fri, Aug 24, 2012 14:12 hrs

New Delhi, Aug 24 (IBNS) The Indian government on Friday said unemployment in IT industry is 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," said Pilot in Rajya Sabha.

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, he said.

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