IT sector

IT sector would require nearly five lakh professionals in the next five years to cater to the growing needs of this booming industry, NASSCOM president Kiran Karnik said.Currently, the industry required three lakh professionals, however the number was expected to nearly double with the sector being poised for huge growth, he said during the inauguration of the country's first IT finishing school.Though the institutes churned out a huge number of engineering graduates, the industry was left with less than three lakh professionals to hire from, since many of them turned entrepreneurs, some sought jobs overseas while others opted for higher studies, Karnik said.