by: Sarah Joson
Tuesday, February 19, 2013 | Outsourcing News |
During the recent launch of NASSCOM India Leadership Forum 2013 in Mumbai, India, Union Commerce and Industry Minister Anand Sharma said by 2020, the country's IT industry will create more than 10 million jobs annually. It was found that the key driver is the 25 percent increase of the country’s total IT exports. Moreover, it is projected to be valued at Rs 200 billion and produce 10 million jobs. At present, the industry produces three million jobs directly and nine million indirectly.
However, he noted that the more industries, governments, and businesses become overprotective, the more problems they will come across. Instead of improving and acting as remedy, protectionism will worsen economic challenges.
The Commerce Minister is also hoping that that IT sector will perform better than 2012 as the economy is adversely affected and is put in a lot of pressure.
He is also waiting for the new US Commerce Secretary to assume office so he can proceed with forging new partnerships. He strongly believes that now is the time to be aggressive by engaging, investing, and manufacturing to help boost their respective economies.
Regarding the anti-outsourcing bill in the US, he is hoping that whatever’s being drawn up will not have a negative effect on the IT sector.
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