India’s IT sector industry, valued at a staggering $254 billion, is gearing up for a significant expansion.
The sector anticipates a 10-12% increase in hiring for FY26, driven by a projected 10-15% business growth.
This optimistic outlook is expected to add 500,000 to 750,000 jobs by March 2025, with a substantial focus on fresher hiring and specialized skills.
Indian IT Sector: Hiring Trends and Industry Growth
The industry’s hiring intent signals a revival in demand for the people-led software services sector.
Last fiscal year, the IT industry faced a challenging period, shedding a record 70,000 employees due to uncertainties in key markets like North America and Europe.
The sector is now poised for a turnaround, thanks to projected business growth.
Additionally, increased spending budgets on technology by Fortune 500 companies are expected to further drive this positive change.
Fresher hiring, which had slowed considerably over the past few quarters, is estimated to surpass 150,000 in the coming fiscal year.
This marks a significant turnaround for an industry that had been cautious about growth prospects.
The demand for specialized skills is also on the rise, with global companies setting up Global Capability Centres (GCCs) in India and focusing on research and development, domain specificity, and emerging technologies.
Major Firms Expanding Talent Pools
Leading firms like Tata Consultancy Services (TCS) and Wipro are actively expanding their talent pools to meet the expected growth.
TCS, for instance, plans to hire more freshers in FY26 than the committed 40,000 in FY25.
Wipro is optimistic about the future. The company aims to ensure there are no supply-side constraints to manage the anticipated demand.
The resurgence in hiring is driven by increased demand for digital transformation services such as cloud computing, AI/ML, and cybersecurity.
Additionally, data analytics is playing a significant role in this renewed hiring activity.
The adoption of generative AI and quantum computing is expected to create more than a million jobs by 2030.
This technological advancement will further boost the industry’s growth prospects.
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