NEW DELHI: The global economic meltdown and the financial crisis looming large over the Indian economy will not result in any downsizing or job cuts in the IT industry, Career Work experience is importantsays N R Narayana Murthy, founder of Infosys Technologies, one of India's most reputed companies in the sector.

"There are no job cuts. The growth has certainly slowed down but it is not making any significant impact on us," Murthy, who was in the national capital Saturday to announce the finalists for Rhodes scholarships, said.

He also hinted that the net rate of growth of employment in his sector will stay in the green.