IT Sector Jobs to Remain Stable at Least Till 2020: Prasad

Jobs in the Indian IT sector are likely to remain stable at least till 2020 as per a report from World Economic Forum, Parliament was informed on Friday.

"According to a research report from WEF released recently, jobs in India's IT sector are likely to remain stable at least up to 2020," IT and Communications Minister Ravi Shankar Prasad said in a written reply to Rajya Sabha.

Prasad further said according to Nasscom, the Indian information technology (IT) and information technology enabled services (ITeS) industry continues to be the largest private sector employer and a net hirer of personnel and employs about 3.7 million people.

"Further, as per Nasscom-Mckinsey study 'Perspective 2015', about 1.2-2 million people will be added to the IT-ITeS workforce by 2020," the minister said.

Ravi Shankar Prasad earlier this month said that rise in revenues of BSNL and MTNL lag those of private players because of less aggressive market skills, legacy manpower and delay in augmentation of mobile network. The minister said both the state-run firms are taking several steps to enhance revenues.

BSNL revenue increased by 2.32 percent in 2014-15 to Rs. 28,645 crores whereas MTNL witnessed an increase of 0.90 percent to Rs. 3,821 crores for the same period. The revenue of BSNL stood at Rs. 27,996 crores in 2013-14 while that of MTNL was Rs. 3,787 crores.