NASSCOM
National Association of Software and Service Companies, India's IT industry body; published FY2026 figures showing 140,000 net hires and major US multinational GCC expansion.
NASSCOM data reported on 27 May 2026 showed India's IT sector adding a net 140,000 jobs to reach 5.9 million in FY2026, driven by JPMorgan, Goldman Sachs, Apple and Walmart expanding in-house offshore centres.
Last refreshed: 27 July 2026 · Appears in 1 active topic
India's IT sector added 140,000 jobs in FY2026. Is that where the US cuts went?
Timeline for NASSCOM
Mentioned in: SAP freezes research hiring for a year
AI: Jobs, Power & MoneyMentioned in: Ford and IBM start undoing AI cuts
AI: Jobs, Power & MoneyPublished FY2026 data showing India IT sector grew to 5.9M despite outsourcer cuts
AI: Jobs, Power & Money: India IT grows 140,000 as US firms cutPublished FY2026 data showing 140,000 net hires and GCC expansion by US multinationals
AI: Jobs, Power & Money: India's GCCs absorb the offshored workBackground
NASSCOM, the National Association of Software and Service Companies, is India's principal IT industry trade body, founded in 1988 and headquartered in New Delhi. It represents more than 3,000 member companies spanning services, products and start-ups, and publishes the benchmark annual employment and revenue figures for India's technology sector.
Government ministries, foreign investors and multinational human-resources teams treat NASSCOM data as the standard measure of the Indian IT labour market, using it to track both aggregate sector growth and structural shifts such as the move from outsourced contracts to in-house Global Capability Centres.
That dual role, cheerleader for a growing sector and the most granular available record of how work relocates inside multinational balance sheets, gives NASSCOM's numbers outsized weight in the 2026 debate over whether AI is destroying Western jobs or simply moving them offshore.
Its data tracks IT jobs moving offshore
NASSCOM's FY2026 employment report, covered from 15 May, put India's IT sector at about 5.9 million workers, a net national gain of roughly 140,000 driven by Global Capability Centre expansion at firms including JPMorgan, Goldman Sachs, Apple and Walmart. The headline total does not show its own composition: the same release, read alongside individual hub-level reporting, points to growth concentrated in experienced hiring rather than graduate intake, with the legacy outsourcing tier contracting even as the national figure rises.
That composition gap is exactly why NASSCOM's methodology matters here: it is one of the few data series that captures offshore relocation as a distinct channel, separate from the US WARN Act or JOLTS, letting analysts see gross sector growth and structural displacement inside a single dataset rather than only one or the other.
What is NASSCOM and what does it report on India's IT sector?
Why is Indian IT sector employment growing while US firms are cutting?
What is happening to entry-level IT jobs in India in 2026?
What are the biggest Global Capability Centres in India in 2026?
