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Emerging cities see demand for flexible IT talent
The New Indian Express
|November 15, 2024
Indian Staffing Federation (ISF) on Thursday released the Indian IT Staffing-Sectoral and State Employment Trends Report 2024, and Lohit Bhatia, President of ISF, said Karnataka, Telangana, Maharashtra, Tamil Nadu and Delhi NCR are the five states that dominate the IT flexi staffing industry in the country. These states have a combined market value of $2.8 billion, which is 57% of the total market value.
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He told journalists that with a market value of $1.4 billion, Karnataka alone has the largest IT flexi market size in the country. While the global IT flexi staffing market size is $114.7 billion in FY24, Indian market size is about $4.9 billion (₹40,584 crore) and has a workforce of 5,97,000. Interestingly, IT/ITeS and GCCs (global capability centres) account for 51% of the market value and they also have the highest combined IT flexi staffing workforce of 2,96,000.
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