Channelling tech talent: IT majors face headwinds, may cut hiring in India

A Nasscom report indicates that digital core talent has grown faster than IT core talent, as companies undertook skilling initiatives to reorient the workforce.

Technology, IT, jobs
IT engineering courses registered a 9.4 per cent increase in enrolments during this period.
Anoushka SawhneySamreen Wani
1 min read Last Updated : Oct 16 2022 | 6:30 PM IST
The impending global slowdown means information technology (IT) majors face headwinds, and may cut hiring in India.

Meanwhile, the IT talent pool in the country is expected to grow. Analysis of All India Council for Technical Education data shows that even though enrolments in undergraduate engineering courses declined by a tenth between 2016-17 and 2019-20, demand for undergraduate IT courses increased.



IT engineering courses registered a 9.4 per cent increase in enrolments during this period.
 
Companies are taking the IT revolution a step forward. A Nasscom report indicates that digital core talent has grown faster than IT core talent, as companies undertook skilling initiatives to reorient the workforce. But India has much ground to cover.

Data from GitHub, an open source code-hosting platform, shows that the country ranks fourth among open source software contributors using GitHub.  

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :IT companiesIT hiringtech talentIT slowdownprivate companiestechnology industrytechnology boominformation technologyhiring in IT sectorNasscom

Next Story