Mumbai: The demand for the IT-BPM industry professionals is expected to grow more than two-fold at 4.2 lakh by 2020, as against 1.90 lakh net demand for talent in the last fiscal, a Nasscom report says.

"The net demand for talent in FY13 stands at an estimated 1.90 lakh professionals. Assuming an employment growth scenario of 9 per cent, the demand for talent is expected to be more than double at 4.20 lakh by 2020," the report titled 'Talent Supply and Demand' said.

The report was released on the concluding day of the three-day Nasscom Leadership Forum here.

Noting that the domestic IT-BPM industry is going through challenging times as far as the demand for talent is concerned, the report said, "It is still recovering from the aftershocks of the economic downturn of 2009."

"However, if employment grows at 20 per cent, a number that was being projected frequently 5-6 years ago, the demand could be more than 7 lakh," Nasscom said.

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