Asked whether not all graduates would land in a job, he said, "Well, I cannot give job to all students. Also, the number of students graduating is growing. In 2005, there were 36,5000 graduates in IT sector, which this year is 1.3 million graduates now."

He also advised colleges to keep up with the expectations of the industry, as employers expect more soft skills and domain specialization from the students, in addition to the technical expertise.

Mittal said that the future demands in the IT sector for skills would include mobile application, cloud virtualization, platform engineering besides the need for data scientists.

He also said that the 60 percent of the present day workforce are Gen Y, who prefers easy going work environment, rapid job promotion and work-life balance, mobility and social media device usage.

Of the 3.1 million workforce of the industry, 30 percent comprised of women, of whom 15 to 20 percent are at managerial level and above, he said.

IT sector is set to grow 12 to 14 percent presently, he said, adding, it would be reviewed after October this year.

Commenting on the U.S. new immigration bill, he said, "There is a shortage in the U.S. corporations and we are filling in those. If the bill is passed, U.S. corporations would stand to lose more than the Indian companies. And this would also impact the U.S. economy."

He said NASSCOM has also set a target of providing one to 1.5 percent jobs for differently-abled individuals.

Read More:

8 Mind Games Played By Recruiters to Test the Candidates

10 Common Interview Questions That Are Against the Law