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With projected business growth of 10-15% for the next fiscal year, India’s technology workforce is expected to expand by an additional 500,000 to 750,000 professionals, bringing the total to around 5.5–5.75 million by end of March 2025. The next financial year — FY26 — will further see an uptick in hiring of 10-12% from there, data from mass recruitment firm, Teamlease, showed.
Fresher hiring, which had slowed to a trickle over the past several quarters on mounting growth concerns in key revenue markets on either side of the Atlantic, is estimated to surpass 150,000, ET reported recently.
The resumption of hiring marks a significant turnaround for India’s most globalised industry, which dominates services outsourcing worldwide. Last fiscal ending March 2024, India’s IT industry shed a record 70,000 employees in total, with bellwethers such as Tata Consultancy Services (TCS), Infosys and HCLTech focusing on margin protection and staff utilization amid a protracted uncertainty over orders in both North America and Europe.
The industry’s hiring intent signals demand revival for the people-led software services sector. Workforce addition is seen as a mark of increased spending budgets on technology by Fortune 500 companies that rely on Indian technology support. This is backed by the start of a rate-easing cycle in the US, and
