2012 Recession in IT Companies Details

As per National Association of Software and Services Companies (NASSCOM), there was a marked slowdown in recruitment in Financial Year (FY) 2009-10 specifically and also towards end of FY 2008-09 due to recession in developed economies. The data relating to employment level (directly employed by the IT/ITES industry) in this industry and the incremental job addition for the last three years in as under:

Financial Year (FY)	2008-09	2009-10	2010-11
Total Employee Head Count	21.96 lakhs	23.00 lakhs	25.40 lakhs
Net additional Employment created in FY	1.90 lakhs	1.00 lakhs	2.40 lakhs

IT/ITES employment data is not being maintained State-wise. As per Government of Andhra Pradesh, there has been growth in recruitment by IT companies in the state of Andhra Pradesh.

A number of IT/ITES SEZs are coming up in the country, which would further generate employment in the sector.
Shri Sachin Pilot, the Minister of State for Communications and Information Technology informed Lok Sabha today in a written reply to a question.
source:taxguru.in