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IT sector hiring could hit decade high in FY22

Acceleration in the adoption of digital services by global companies led to a slew of deal wins and an increase in demand for IT services across the world, making 2020-21 a transformative year for Indian IT companies

Source | hr.economictimes.indiatimes.com | Chiranjivi Chakraborty

MUMBAI: Indian IT companies’ net hiring in FY22 could hit the highest number of workers in a financial year since the heydays of 2011-12, brokerage firm JM Financial said in a note released on Monday.

Acceleration in the adoption of digital services by global companies led to a slew of deal wins and an increase in demand for IT services across the world, making 2020-21 a transformative year for Indian IT companies.

“This is fuelling improvement in revenue growth for the sector and also the shift towards higher offshoring. We believe that the net hiring in FY22 by the industry could possibly be the highest ever in several years,” the brokerage firm said.

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hr.economictimes.indiatimes.com
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