Hiring in the Indian IT sector witness a strong momentum

Hiring in the Indian IT sector witness a strong momentum: Hiring into technology companies touches all-time high in July and August and it will continue up to end of 2021. Witnessing a 20 per cent sequential increase, indicating a strong revival of economic growth and a recovery of business from the impact of Covid-19, Jefferies sees a strong hiring boom on account of the post-pandemic rush for the outsourcing of IT jobs to India.

 

According to the report, as businesses continued to ride the wave of digitisation, the IT-software and software services sector maintained its growth momentum with an 18 per cent increase .

 

The top five IT companies, representing about 30% of the 44 lakh employed in Indian IT and BPO industry, hired 55,000 in the first quarter of the ongoing fiscal. They could end the year with 1.3-1.5 lakh net hires, nearly 50% higher than the best year in the last decade....Read More