The recession of Indian
"There will be intake in this financial year. Last year the fresh intake was 2.3 lakhs engineers what we recruited. We anticipate the number would be roughly in the same range. The current forecast is approximately the same as an intake from freshers," BVR
On the industry growth expectations, Reddy said they would take a call on reviewing of growth projection in February during Nasscom Leadership Summit.
To a query, he also said the Nasscom does not see anything unusual in the reported probe on TCS and
"If you look at regulators and the regulations around the world, they will constantly keep targeting whether the regulations are followed or not...So there will be audits done from time to time...So these are not something we feel that are unusual at this point of time," the Nasscom head said.
"And given the type of compliances that the Indian companies have done and the transparency that they have shown, Nassscom and also member companies which are involved in the H1 visa process uses are pretty confident that there is 100 per cent compliance with regulatory issues," he said.
According to the US media reports, the Labour Department there has opened an investigation against
On the market situation, Reddy said there is "softness" in some of the European markets.
According to him, regions such as Germany, UK and France are doing well, though the situation in Greece is a "cause of concern."
(image credits: ultramindsit.com)