Description
The Indian IT industry has acquired an enviable position in the global platform. In a matter of two decades, the country has slowly emerged and cemented its position on the world map. However, the hiring trends for the past few years have registered a slowdown, which sparked fears and general unrest. Fortunately, the hiring trends in India for 2019 point at clearer skies. Indian IT Industry Growth: The Story So Far The 1990s marked a new dawn for the Indian IT Industry post the government's decision for liberalisation. Following this, the IT sector exported $100 million and 5,000 employees for the first time. With time, the Indian IT Industry registered a phenomenal growth. Currently, India's IT export has touched $70 billion along with 2.8 million employees - making it one of the top two industries in India. The IT Industry in Numbers The IT Industry corresponded to nearly 18% of India's GDP in 2017. In 2017, the IT Industry employed about 4 million professionals directly and nearly 10 million employees indirectly. TCS, HP, HCL Technology, Wipro, Tech Mahindra, IBM, and Infosys are the leading software service companies in the Indian IT sector With a revenue of about 1.5 trillion INR, TCS emerged as the largest India-based IT company. By the end of March 2019, TCS noted a net addition of 29,287 software professionals, while Infosys added 24,016 employees. India's IT workforce is set to touch 30 million by 2020 as it becomes the highest sector employer.
Hiring Trends in IT for 2019
