The information technology services sector and the growing startups in India are likely to recruit almost five lakh people in 2019, with freshers being in great demand.
After almost seven years of stagnation in terms of remuneration, the pay packages at the entry level in the IT industry are reported to have risen by as much as 20 per cent in 2018. This is a clear indication of the IT services industry being back on the growth path.
Not only has Hyderabad become an attractive hub, owing to its robust infrastructure, more Indian companies are endeavouring to get a foothold in Asian markets, especially Japan and South East Asia.
There has been an extraordinary jump in the reskilling of staff in IT services companies. Not surprisingly, digital income has grown tremendously. Hiring has increased with compensation going up by 20 per cent. Freshers are now being offered Rs 4.5 lakh to 5 lakh per annum with companies emphasising more on quality recruits.
Start-ups in India employ a total of 600,000 people presently. In the coming year they are expected to hire as many as 200,000.
In 2018, the IT services sector and startups together hired about 3.5 lakh to four lakh people. With 39000 start-ups already in place and about 5000 being added annually, the employment scenario seems bright for the country.