"Hiring position seems to be muted this year because many companies still have deep bench (strength), in other words their utilisation rate is still low," he told PTI.
The $100-billion India IT-ITES sector faced strong headwinds in 2012-13 due to global economic slowdown and muted spending in North America and Europe, which accounts for 80 per cent of Indian IT companies revenues.
Industry-body Nasscom expects a rise in global technology spending and opportunities created through adoption of disruptive technologies to propel growth in FY 2014.
Nasscom expects export revenues of $84-87 billion in the 2013-14 fiscal year at a growth rate of 12-14 per cent. Exports were estimated to have grown by 10.2 per cent to $75.8 billion in FY 2013.
The Indian IT industry, which contributes about 7.5 per cent to the country's economy, gives direct employment to 25 lakh people.