Salary hikes in the Indian IT/ITeS sector could moderate from next year because of improved supply of talent, according to Nasscom chairman Lakshmi Narayanan.
Addressing media persons, Narayanan said the supply position in terms of human capital had shown considerable improvement.
He noted that the number of engineering colleges in Tamil Nadu, for instance, had gone up and there were 10,000 seats which went vacant showing that supply had increased.
The industry has also been taking initiatives to enlarge the supply pool by setting up training schools and partnering with academic institutes.
The Indian IT industry has been witnessing salary hikes in the range of 10-15 per cent annually for the past several years. These hikes have also come under threat from the appreciating rupee.
Earlier, addressing the Nasscom Quality Summit 2007, Narayanan said that despite the strides made by the Indian IT industry, there was still a long way to go in terms of quality.
He said end users in the West were still not convinced of the services provided by Indian IT companies. The industry, he said, had to move from quality deliverables to the quality of outcomes.
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