Indian IT Services to hire about 450,000 people in H2FY22: UnearthInsight

As most pandemic restrictions have been lifted and workplaces are opening, the Indian information technology services industry is likely to see a gross employee addition of around 450,000 people in the second half of financial year 2022 (H2FY22), according to UnearthInsight, a metrics benchmarking and market intelligence firm.

These 450,000 people are largely laterals/experienced ones, but fresher intake is also is larger than last year.

With higher attrition in H2 of 17-19 per cent, the industry is likely to have a net employee addition of about 175,000 in H2FY22, according to the report titled “IT Industry Q2 Insights & FY22 Forecast”. UnearthInsight has analysed hiring, attrition, and technology evolution of India’s IT industry.