Information technology companies have put off campus recruitments by three months to September 2012, saying they had delayed visits to engineering colleges because of "operational reasons". Industry insiders, however, attribute this to the slowdown the industry is facing. According to industry body, Nasscom the industry would recruit two lakh engineers in 2012 despite economic gloom in the West and other slowdown flags hoisted on the tech horizon.
Exports from the IT sector are set to slow down further this fiscal. Nasscom has predicted a growth rate of 11-14% for the industry in FY13, compared with a projected 16.3% in FY2012. The lowering of growth estimates is because of the reduced spending on technology by US corporations, the debt crisis in Europe and the political unrest in the Middle East.
Source: The Economic Times