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No downturn in IT sector; good number of jobs to come: Ravi Shankar Prasad

Union minister Ravi Shankar Prasad on Sunday dismissed as "completely wrong" the reports of a downturn in the Indian IT sector and said a good number of people will get jobs in the current fiscal.

 
 
Wipro Chairman Azim Premji's pay package saw a huge 63 per cent fall at USD 1,21,853 (about Rs 79 lakh) last fiscal, with no commission being paid during the year.

As automation spreads, millions of jobs could be on the block. What's the way out?

The move comes when Information Technology sector in India is looking at tough time.
The order was given after the recently concluded quarterly appraisals in April.
 
 
Infosys COO UB Pravin Rao said the technology-driven transformation presents new opportunities for companies like Infosys.
To address concerns of regarding reports of massive layoffs, Cognizant President Rajeev Mehta has written to employees of the company.
The Forum for Information Technology Employees (FITE) will be getting itself registered formally as the first union for IT employees in India.
NASSCOM has stated that almost half of the IT sector's workforce in India needs to be trained to keep up with the technological advancements of the field.
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