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.
Last refreshed: 24 May 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
Published FY2026 data showing 140,000 net hires and GCC expansion by US multinationals
AI: Jobs, Power & Money: India's GCCs absorb the offshored work- What is NASSCOM and what does it report on India's IT sector?
- NASSCOM is India's IT trade body, founded in 1988, representing over 3,000 companies. It publishes the definitive annual employment and revenue figures for India's technology sector. For FY2026 it reported approximately 5.9 million sector employees, with net additions of roughly 140,000.Source: NASSCOM FY2026 report
- Why is Indian IT sector employment growing while US firms are cutting?
- NASSCOM's FY2026 figures show growth is concentrated in Global Capability Centres, in-house offshore offices built by US multinationals including JPMorgan, Goldman Sachs and Apple. These absorb work that disappears from US payrolls without triggering WARN Act filings or entering US labour datasets.Source: NASSCOM FY2026 report
- What is happening to entry-level IT jobs in India in 2026?
- NASSCOM reported entry-level IT hiring fell 20 to 25% year on year in FY2026, even as total sector employment rose. The legacy outsourcers that traditionally absorbed graduates trimmed headcount while GCC expansion shifted demand toward experienced specialists.Source: NASSCOM FY2026 report
- What are the biggest Global Capability Centres in India in 2026?
- NASSCOM named JPMorgan, Goldman Sachs, Apple, Walmart and Shell among the firms expanding GCCs in Bengaluru, Hyderabad and Pune in FY2026. These in-house offshore offices do the same work as outsourcers but sit inside the corporate entity of the multinational.Source: NASSCOM FY2026 report
Background
NASSCOM (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 definitive annual employment and revenue figures for India's technology sector. Government ministries, foreign investors, and multinational human-resources teams use NASSCOM data as the benchmark measure of the Indian IT labour market.
In its FY2026 annual report, NASSCOM recorded Indian IT sector employment of approximately 5.9 million, reflecting net additions of roughly 140,000 during the year. At the same time it reported that the legacy top-five outsourcers trimmed headcount and that entry-level IT hiring fell 20 to 25% year on year. The report named JPMorgan, Goldman Sachs, Apple, Walmart and Shell among the firms expanding in-house Global Capability Centres (GCCs) in Bengaluru, Hyderabad and Pune, even as several confirmed AI-driven US cuts in the same period.
NASSCOM's data sits at the intersection of two competing narratives in 2026. The aggregate employment figure of 5.9 million is cited as evidence India's IT sector is still growing; the concurrent fall in entry-level hiring and legacy outsourcer headcount is cited as evidence the character of that growth has changed, shifting from volume IT labour to specialised capability work concentrated in GCCs. For US and European policymakers measuring AI-driven displacement, NASSCOM's data captures a channel, offshore corporate relocation, that neither the WARN Act nor the JOLTS survey records.
