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Bangalore, Nov. 20 IT/BPO hiring in the next few quarters is likely to be lower because of the unprecedented events, the Nasscom President, Mr Som Mittal, has said.

Speaking to newspersons at the IT Women Leadership Summit 2008, Mr Mittal said Nasscom has been talking to IT/BPO and engineering companies and a large number of them are talking of growth, though ‘lesser growth.’

“The top ten listed companies have shown 25 per cent year-on-year growth for the last six months, but we’ll have to wait and see what happens in the next two quarters,” he said. He termed these as ‘unprecedented events’ and said it was difficult to forecast the future.

Meanwhile, companies that have been impacted by their customers’ downsizing will have to right-size, he said. “Net hiring will continue to happen as there are companies that are growing, and therefore hiring, and companies that are cutting jobs. We have asked companies to talk to one another and hire from each other,” Mr Mittal told newspersons here.

He said Nasscom was doing a trend analysis, which would be completed in four weeks. “We will then be able project growth trends for the next four quarters. We had anyway projected 21-24 per cent growth this year,” he said.

Meanwhile, Nasscom has asked member companies to venture into unexplored markets for its future growth. “Geographical dispersion helps. We are asking member companies to look at Japan, the Nordic and Scandinavian countries for business.” Sectors that would continue to grow and hire are pharma, healthcare, entertainment and media.

The companies have also been asked to invest more in developing domain expertise. “There is a great tech shortage and we have to cash in on this,” he said.

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