One of India’s largest IT company, Infosys Technologies said the domestic IT industry is likely to grow by 15 per cent this year against 30 per cent growth last year in the wake of global slowdown.

Giving this information, Infosys CEO S Gopalakrishnan said, “Last year the IT industry grew more than 30%, this year it is looking at somewhere in the region of 15%. So, it has slowed down.”

IT industry association Nasscom has pegged the growth rate at 21 per cent for this year due to the downturn in the world's largest economy US, which contributes 60 per cent of the total revenue. "As per the estimates we are getting from industry bodies it looks like the sector will register a growth of 15 per cent this year,'' added Gopalakrishnan.

Commenting over the hiring plans, Gopalakrishnan said that the company would appoint 25,000 people this year. He also pointed out that the company would freeze fresh recruitment, apart from meeting specific skill needs.