NASSCOM on Thursday said the Indian information technology (IT) and business process outsourcing (BPO)

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industry would hire 150,000 people this year. Nasscom president Som Mittal also said that the domestic market is expected to witness 12 per cent growth this year and would reach up to Rs 66,200 crore.

“I think we have reached the better bottomline now and I will be surprised if there are less than 150,000 jobs are taken this year. Growth in emerging verticals such as retail, healthcare and utility would be higher and they are growing three times faster than core verticals,” Mittal told reporters here.

According to findings by the association, Indian IT-BPO’s export revenue is estimated to reach $49.7 billion in FY09-10, growing at 5.5 per cent. Nasscom had earlier given the guidance that exports would grow between four to seven per cent this fiscal.

For the next fiscal exports revenues would grow by 13-15 per cent. “It’s a historic moment for the Indian IT-BPO industry as it touches the $50-billion landmark. The growth was led by domestic market buoyed by increased government spending in IT. In addition, new areas such as engineering services and product development displayed phenomenal momentum clocking a combined revenue of over $10 billion,” Mittal said.

He said as the industry emerges stronger from the global economic meltdown to post encouraging results, domestic revenues may also grow by 15-17 per cent in the next fiscal to touch Rs 76,100-77,500 crore.

The findings of the assosiation also said that the industry would continue to be a net hirer with direct employment expected to grow by four per cent and cross 2.3 million with over 90,000 jobs added in FY09-10. Asia pacific is the fastest growing geography with an estimated growth of 10 per cent. Infrastructure services would also be a key growth driver for the industry with an estimated growth of 10.5 per cent in the next fiscal, it added.