Job growth in Indian IT sector slumps 25%

Job growth in the Indian IT sector has declined by 25 per cent this year as compared to last year due to corrections in hiring in the IT industry, according to a report.

The hiring intent declined across both large IT giants and unicorns, while trends across other IT startups remained stable as compared to last year, the report by naukri.com claimed.

Fresher hiring faces the biggest slump followed by a mid-experience hiring decline, while hiring across senior levels remained stable in IT, the report mentioned.

“As the year begins, Non-IT sectors hold the fort for hiring activity in India with insurance, oil and hospitality flying high. Interestingly, IT-linked metros, which were the main growth drivers last year, were overshadowed by emerging cities like Ahmedabad and Baroda,” said A Pawan Goyal, Chief Business Officer, Naukri.com.

Increasing demand for senior professionals with more than 12 years of experience continues to dominate the hiring activity at the beginning of 2023, recording more than 20 per cent growth last year.