Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Fri, 18 Feb 2022 11:02 AM IST
Summary
Indian IT Sector To Hire Over 3.6 Lakh Freshers: There is good news for IT professionals. According to a report, IT companies in the country will recruit 3.6 lakh new people. Let us tell you that in the current financial year, there has been a sharp increase in the job leaving rate in the IT sector. The job loss rate in the IT sector in the third quarter (October-December) stood at 22.3 per cent.
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Expansion
job loss rate rises
According to the report, there has been a sharp increase in the job loss rate in the current financial year. The job loss rate in the IT sector stood at 22.3 per cent in the third quarter (October-December), as against 19.5 per cent in the second quarter (July-September). The report has estimated that in the fourth quarter (January-March), this rate may remain in the range of 22 to 24 percent. It is a matter of concern that salaries in the IT sector continue to rise, while the attrition rate is not declining.
There will be a big increase in revenue
It said that despite the outbreak of Corona, there is a boom in the IT sector. That is, there is no special effect of the epidemic on this sector. According to the report, this year there will also be a huge jump in revenue and companies will recruit on a large scale. It is expected that the revenue growth for the IT sector in the current financial year will be in the range of 19 to 21 per cent, which will be the highest in its history. It said that this growth will continue till the financial year 2023-24.
Highest recruitment in six companies
In a report released recently, it was said that the top six IT firms have hired 2.15 lakh graduates as freshers in the company in FY 2022, looking at last year’s figures, this figure was just a little over 99,000. According to the report, Cognizant, HCL Tech, Wipro and Tech Mahindra together are preparing to hire 1.4 lakh freshers for the coming year.
Indian IT market will grow
The Indian IT services market is expected to reach $230 billion to $240 billion. Which is mainly driven by the growth of top 15 to 20 Indian IT companies. A recent report by NASSCOM also said that the next financial year is also expected to be excellent for the IT sector. Digital demand will remain the same in the next year as well, due to which the sector will grow rapidly. The size of this industry will be $350 billion by 2026.