Bengaluru, Nov 24 (Agency) Quess Corp founder and Non-Executive Chairman Ajit Isaac on Wednesday said moonlighting is not going away, but the systems will become better and sharper in managing it. “The desire of people to do more, work more and earn more cannot be suppressed. So, companies have to find a way to absorb this without finding that their own IP is being compromised or there is a breach of security. “Moonlighting is not going to go away but the systems will become better and sharper in managing it,” he told reporters here after announcing the rebranding of Monster India, SE Asia and Middle East to foundit. Isaac said India is reasonably decoupled from the rest of the world in terms of recessionary possibility and it will continue to see growth in a few years if current trends are an indication to go by. “We saw a great period of growth in employment between 2000 and 2007. The GDP went up from $470 billion in 2000 to $1.2 trillion in 2007.
We will be able to come back to seeing that rate of growth in a few years if current trends are an indication to go by,” he said. On mass layoff in the IT sector, Isaac said the amount of noise one hears about changes in the IT industry is disproportionately higher than the employment. However, the tech sector and internet economy are likely to experience pain for another two quarters, he said. Nevertheless, tech will influence employment in India by way of greater connectivity, digitisation and 5G services which will enable a greater volume of the workforce, especially women, to work from home and boost the economy. “The IT industry employs 5 million people directly and another 5 million indirectly. But looking at the job sector holistically, BFSI and manufacturing are witnessing the largest employment growth in a segment going by Quess’s own database. “The core sectors are hiring more and more, which is a great sign for India,” he said.