IT, BPM industry to add more 300,000 jobs by FY2023: TeamLease report

India’s information technology (IT) and business process management (BPM) workforce will grow by 7 per cent in FY2023 as more than 300,000 jobs are created, said a report on Monday.

Headcount will increase from 5.1 million to 5.45 million, said TeamLease Digital in “Digital Employment Outlook Report” for the first half of 2023. Demand for digital skills will grow by 8.4 per cent by the end of FY2022.

Contractual staffing headcount is expected to grow 21 per cent, fueled by investments and companies installing new technologies. IT services companies, global capability centres (GCC), and product development companies are the top contract staffing consumers, contributing more than 70 per cent of this trend.