Summary
The Indian IT sector, after experiencing a 7% hiring decline in 2024 due to global uncertainties, is projected to rebound with 15-20% job growth in 2025, driven by easing global challenges and improved economic conditions. Key trends shaping this recovery include:
- Demand for Specialized Skills: Roles in Artificial Intelligence (AI) and Machine Learning (ML) surged by 39% in 2024 and are expected to grow further, alongside cybersecurity and advanced technologies.
- Geographic Diversification: Tier 2 cities experienced a 48% increase in hiring in 2024, signaling a shift from traditional tech hubs.
- Mid- to Senior-Level Hiring: A 35% rise in hiring for experienced professionals in 2024 is expected to continue as companies value expertise amidst uncertainty.
- Fresher Hiring Outlook: Fresher hiring, slowed in 2024, is expected to improve in early 2025 as large projects regain momentum.
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Industry Insights:
- Wipro CTO Sandhya Arun forecasts 2025 as a year of rapid technological disruption and opportunities.
- Sunil Chemmankotil of Adecco India highlights that Global Capability Centers (GCCs) drove over 52% of 2024’s job openings, with optimism for continued growth.
- Jaideep Kewalramani of TeamLease Edtech predicts hiring increases starting with major IT players as deal flows resume.
The IT sector is set for a 30-35% surge in demand for specialized roles, with significant investments in upskilling employees in AI and cybersecurity to align with technological advancements.