Hiring In Indian IT Sector Begins After Months-Long Slowdown: Report

The number of new jobs in the IT sector increased by 10 per cent in February compared to the preceding month, according to a report by Naukri JobSpeak

Sectors such as banking, BPO, and retail showed similar trends with the number of new jobs increasing by 9 per cent, 7 per cent, and 7 per cent, respectively over previous month, the report showed.

Hirings in India saw a 9 per cent sequential growth in February amid ongoing global layoffs especially in the tech sector, as reported by news agency IANS. According to the report, the IT sector signalled a positive comeback after witnessing a decline in the past few months in line with the global meltdown, according to a report by Naukri JobSpeak on Wednesday.

The number of new jobs in the IT sector increased by 10 per cent in February compared to the preceding month, according to the report.

The survey showed that the demand for specialist roles such as analytics managers, big data engineers, Cloud system administrators, and augmented reality QA Testers, increased by 29 per cent, 25 per cent, 21 per cent, and 20 per cent, respectively. The demand for DevOps and DevSec engineers increased by 19 per cent and 18 per cent, respectively.

This outpaced the demand for data scientists and software developers, which has increased by 17 per cent and 11 per cent, respectively. The number of new jobs in real estate, hospitality and healthcare sectors saw double-digit sequential growth of 13 per cent, 10 per cent, and 10 per cent, respectively in February over January.

Sectors such as banking, BPO, and retail showed similar trends with the number of new jobs increasing by 9 per cent, 7 per cent, and 7 per cent, respectively over previous month, the report showed. "The IT sector, which had been experiencing negative trends in the past three months, showed a sequential growth of 10 per cent. This growth is an indicator of changing hiring sentiments within the IT space," said Pawan Goyal, chief business officer, Naukri.com.

Among the top metros, Chennai, Hyderabad, Bengaluru, and Pune witnessed double-digit growth in hiring activity. Among emerging cities, the number of new jobs in Coimbatore and Chandigarh increased significantly.