After a period of sluggishness, the Indian IT sector is poised for a significant recovery in fresher hiring. Projections indicate that entry-level hires are set to nearly double this year compared to the last fiscal.
Several major IT firms have already announced plans to resume campus hiring and expand their workforce.
Indian IT Sector Rebound: A 100% Increase in Fresher Hiring
FY2024 witnessed the lowest intake of freshers in the IT sector since 2000.
However, FY2025 is expected to witness a remarkable rebound, with a potential 100% year-on-year (YoY) growth, surpassing 150,000 entry-level hires.
This contrasts with the approximately 60,000 net hires recorded by the $250 billion technology services industry in FY24.
Increasing demand in business, particularly in the banking, financial services, and insurance (BFSI) segment, is a key driver.
Strong large deal wins and global expansion by IT majors also contribute to this positive outlook.
Industry Experts Weigh In
Aditya Narayan Mishra, MD & CEO of staffing firm CIEL HR, projects a rise of 10-15% in fresher hiring demand during the second half of FY25 compared to the same period last year.
Reduction in bench strength and an optimistic industry outlook are fueling this growth. Indian IT services firms have hired around 150,000-170,000 freshers in the calendar year 2024.
Organizations are strategically aligning fresher intake with project demands while maintaining a prudent overall growth outlook.
Accenture, the world’s largest IT giant, reported a headcount increase of 24,000 during Q4 (June-August)—the highest in the last ten quarters.
Julie Sweet, Chair and CEO of Accenture, highlighted their hiring focus in India, particularly in technology. New college graduates are joining the workforce, refreshing the company’s talent pyramid.
Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube, to get the latest news updates, Subscribe to our Channels. WhatsApp– Click Here, Google News– Click Here, YouTube – Click Here, and LinkedIn– Click Here.
