IT Campuses to hire 70% of what industry was hired in 2018-19 financial year. The information technology is into boom. New altering the balance between humans and machines. For the last three decades emergence of technology has made a drastic change. It also helped in the upcoming of new technologies and these vacancies of technologies has also helped in more employment opportunities. India’s largest IT firms like Infosys, TCS, HCL Tech are yet turning towards pre covid levels. According to media reports TCS are looking for 30,000 graduates, Infosys enrolled 20,000. S Pasupathi, chief operating officer, Hirepro investigated an assessment and stated that 2024 financial year will be the year of consolidation. He also said that Indian companies are facing challenges like over hiring, low absorption levels of graduates, and pressuring large numbers weakening the quality of hires.
During covid time the only sector was in boom was medical and IT field. Everyone was doing there work as online, work from home. Services through online, online business also was a good exposure for technology. As the need for technology increased the need for employers also increased. Hiring teams also states that the quality of hired is also decreased as it was a large rush. Hiring process now has become more and more stricter. At present Indian software services has increased to annual growth rate of $3 billion in financial year 2000 to $181 billion in financial year 2022. Hence it is an important sector to be considered.
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