TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Pune Porsche Case doctor Faces New Arrest in Kidney Transplant Fraud

    Pune Porsche Case doctor Faces New Arrest in Kidney Transplant Fraud

    Reagan Pushed for Indo-Pak Nuclear Pact in 1988, Claims BJP MP Nishikant Dubey

    Reagan Pushed for Indo-Pak Nuclear Pact in 1988, Claims BJP MP Nishikant Dubey

    Bastar and Kondagaon Removed from Naxal-Affected List: What It Means for Chhattisgarh’s Fight Against Insurgency

    Bastar and Kondagaon Removed from Naxal-Affected List: What It Means for Chhattisgarh’s Fight Against Insurgency

    Assam Chief Minister Himanta Biswa Sarma

    Assam’s Arms Licence Policy for Indigenous Residents: Motivations and Implications

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Global economic outlook worsens but India seen as growth driver: WEF report

    Global economic outlook worsens but India seen as growth driver: WEF report

    Benefits of Using a Bajaj Finserv Insta EMI Card for Shopping

    Benefits of Using a Bajaj Finserv Insta EMI Card for Shopping

    Understanding the differences between BTC season and altcoin season

    Understanding the differences between BTC season and altcoin season

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    India’s Major Preparations After ‘Operation Sindoor’! Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    UK

    UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

    World Bank

    India to Oppose World Bank’s $20 Billion Loan to Pakistan Over Terror Funding Fears

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Cricket – More Than Just a Bat and Ball

    Cricket – More Than Just a Bat and Ball

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Pune Porsche Case doctor Faces New Arrest in Kidney Transplant Fraud

    Pune Porsche Case doctor Faces New Arrest in Kidney Transplant Fraud

    Reagan Pushed for Indo-Pak Nuclear Pact in 1988, Claims BJP MP Nishikant Dubey

    Reagan Pushed for Indo-Pak Nuclear Pact in 1988, Claims BJP MP Nishikant Dubey

    Bastar and Kondagaon Removed from Naxal-Affected List: What It Means for Chhattisgarh’s Fight Against Insurgency

    Bastar and Kondagaon Removed from Naxal-Affected List: What It Means for Chhattisgarh’s Fight Against Insurgency

    Assam Chief Minister Himanta Biswa Sarma

    Assam’s Arms Licence Policy for Indigenous Residents: Motivations and Implications

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Global economic outlook worsens but India seen as growth driver: WEF report

    Global economic outlook worsens but India seen as growth driver: WEF report

    Benefits of Using a Bajaj Finserv Insta EMI Card for Shopping

    Benefits of Using a Bajaj Finserv Insta EMI Card for Shopping

    Understanding the differences between BTC season and altcoin season

    Understanding the differences between BTC season and altcoin season

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    India’s Major Preparations After ‘Operation Sindoor’! Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    UK

    UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

    World Bank

    India to Oppose World Bank’s $20 Billion Loan to Pakistan Over Terror Funding Fears

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Cricket – More Than Just a Bat and Ball

    Cricket – More Than Just a Bat and Ball

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

IT sector witnesses phenomenal recruitment growth

Amit Agrahari by Amit Agrahari
13 September 2018
in Economy
services sector, indian economies, IT recruitment growth

PC: Livemint.com

Share on FacebookShare on X

Information Technology sector is considered the backbone of Indian exports and if this sector goes through optimism that means economy is poised to grow and export will increase in upcoming months. Major IT companies of the country are on a hiring spree, with recruitment in the first quarter of economy surpassing total recruitment of the previous year. Five largest employers in IT sector- TCS, Cognizant, Infosys, Wipro, and HCL recruited 24,047 people in the first April-June quarter while their total recruitment for whole previous year stands at 13,772. These five firms employ more than 10 lakh people as of June quarter.

RelatedPosts

Sensex and Nifty Bounces Back After ‘Black Monday’ — What’s Behind the Turnaround?

India’s retail inflation eases to 7-month low in February, lowest retail inflation post July 2024

Reliance Industries: A Deep Dive into India’s Energy Giant

Load More

There are three main reasons behind the hiring spree. First being the push for digitalization across the world, especially in developing economies including India. The increased expenditure on digital technology by companies and governments has helped the outsourcing companies to bag more projects. “For all the five companies, digital is now a fourth of the total revenue. So, without getting into the debate of digital definition, the heartening thing is that quality of revenue is only improving,” said an executive at Cognizant. Second reason being that companies do not want to hire people for technological work instead the management chooses to outsource these jobs. The third reason is the increasing importance of data analytics in running businesses. Surveys found that most of the Fortune 1000 companies now use data analytics offered by IT vendors for better management. “Companies were always spending more on digital in the past. But now, what we are seeing is that if the traditional business can be done efficiently and if you have solution offerings like data analytics and AI (artificial intelligence) platforms, you will be able to differentiate from others,” said an employee at TCS.

Another reason behind recruitment growth is the cleaning off of the bench strength. Last few years were very bad in hiring terms because the companies have many people who were hired without vacancy in previous years. The HR managers recruited unskilled people because they used to get a lot of money from colleges and universities for giving placements. So, bench strength was very strong and companies were paying to many employees without taking any work from them. The financial stress in last few years forced them to lay off many employees. So, there is boom in fresh hiring. Indian companies bagged many big projects in the last few years therefore they need people to complete these projects. Mumbai based TCS has won three mega deals since December last year, the combined revenue from these projects would be around 5.6 billion dollars. Bangalore based Wipro won its largest contact worth 1.6 billion dollar last week. TCS is expected to grow above 10 percent this fiscal year. Its growth was at 8.6 percent in last fiscal with a total revenue of 19.09 billion dollars. Most of the new projects were in new segments like data analysis, intellectual property and according to analysts, the transitions phase was also one of the reasons behind the recruitment growth. “The early legs of any transformation are always challenging, and this we have seen in the last two years when all companies struggled for growth,” said an executive.

Previously a survey done by Experis IT Manpower Group in May found that IT companies will be hiring handsomely over the next two quarters. So, the growth is expected to pick up in upcoming quarters too. As per survey “the openings in the IT industry are mainly for pre-trained professionals because now companies do not want to waste their resources on recruiting unskilled graduates and train them.” The IT sector is the crown jewel of the Indian economy, the 156 billion dollar industry is a highest contributing sector in GDP of the country. So, growth in this sector is really good news for economy and the government which will be seeking reelection in less than a year.

Tags: Indian EconomyIT Sectorjob growth
Share7TweetSend
Previous Post

United Nations shows bias against India and Israel

Next Post

Supreme Court reopens 1988 road rage case against Navjot Singh Sidhu

Related Posts

Global economic outlook worsens but India seen as growth driver: WEF report
Economy

Global economic outlook worsens but India seen as growth driver: WEF report

29 May 2025

The global economic outlook has worsened since the start of the year, as rising economic nationalism and tariff volatility...

Benefits of Using a Bajaj Finserv Insta EMI Card for Shopping
Finance

Benefits of Using a Bajaj Finserv Insta EMI Card for Shopping

28 May 2025

Flexible financing has changed the way people shop in India. From large electronics to everyday essentials, more consumers now...

Understanding the differences between BTC season and altcoin season
Finance

Understanding the differences between BTC season and altcoin season

28 May 2025

The power shift between Bitcoin and altcoins (any other coins other than Bitcoin) has deepened in the past years,...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Pakistan needs money from IMF to feed their people

Pakistan needs money from IMF to feed their people

00:15:20

Vacate PoK and more: Steps Pakistan needs to take to avoid Indian military action

00:06:36

Taking The Wire’s Propaganda Piece on VP to the Cleaners – Feat. Prof. Kapil Kumar

00:09:19

Rahul Gandhi Undermines India’s Electoral Integrity as Trump Applauds It

00:07:09

Why Pakistan army chief reminds two nation theory| what is the plan| Waqf Bill |Asim Munir| Jinnah

00:13:02
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited