Also, the small and emerging companies will have a share significant share in the increased talent demand, the report stated adding, "These companies will be the key drivers for demand in the current economic scenario of uncertainty."

The domestic IT-BPM industry comprises over 5,000 firms, of which top 11 companies employ a third of the total workforce.

"Interestingly, over 4,000 of these small companies contribute to over 10 per cent of the industry's revenue but employ 15-18 per cent of the total workforce," Nasscom said.

Stating that the country needs to harness the available talent and enable its youth to build it as the skills factory of the world, Skills Council director and chairman of media & entertainment sector and actor Kamal Hassan said, "This report will encompass all aspects of skills required for the industry and how this demand can be filled by creating a steady pipeline of market ready manpower."

The report aims at standardising and streamlining the process, both for hiring as well as training and to facilitate a 'job ready' and 'market ready' scenario, Nasscom said.

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