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IT sector bounces back with 18% YoY growth in hiring in September

The New Indian Express

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October 05, 2024

FROM the sluggish pace of hiring, the IT sector has bounced back strongly in September as there was an 18% year-on-year (YoY) growth in hiring.

IT sector bounces back with 18% YoY growth in hiring in September

Among cities, Jaipur led with a 47% YoY increase in IT roles, followed by Kolkata at 32%, according to data from the Naukri JobSpeak Index.

Like previous months, Artificial Intelligence/Machine Learning roles surged by 31%, indicating increasing demand for tech talent. The IT sector also saw a 35% y-o-y growth in hiring for professionals with over 16 years of experience.

Unicorns and foreign MNCs were key drivers of this growth, with 16% and 14% y-o-y increases respectively, the report showed.

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