Mint Primer | Let the good times roll: IT services eye a better future
Wipro saw a fall in their combined workforce by almost 64,000 in FY24. While data points to improving demand, companies remain cautious on hiring. Wipro is fulfilling its previous hiring commitments.
Infosys is yet to decide on fresh hires and TCS aims to add around 40,000 in FY25. Global Captive Centres (GCCs) offer better opportunities as they expand their presence in India. Gartner sees companies re-skilling to meet demand.
It sees demand for data scientists and prompt engineers. In India, IT spending got a boost post pandemic, with firms pushing digitization. This will continue with new opportunities in enterprise digital transformation, improving operational efficiency, better customer experience, deployment of cloud, analytics and other services.
AI offers growing opportunity in the local market, but the AI focus is on planning adoption rather than execution. Large and mid-level firms and startups are looking at AI to enhance user experience. This will lead to a bigger domestic IT spend.
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