Not just Infosys, other IT companies are also drawing up robust hiring plans with a boom in digital deals.
India Inc is likely to report a sequential decline of 8-10% in revenue at Rs 7.3 lakh crore for the first quarter of this fiscal.
Nasscom asserted that players have robust hiring plans for 2021-22 with the top 5 Indian IT companies planning to add over 96,000 employees
Experts believe that with lockdown restrictions easing and the economy reviving, companies in India are likely to witness steady growth in hiring activity from June onwards
Antique Stock Broking said: "Our analysis suggests that macro green shoots are visible in globally linked sectors like metals and IT services."
The report noted that the sectors which will continue to lead hiring this quarter will be IT and healthcare
Several sectors are expected to benefit after the economy gears up for a breakout in FY22
The broader economy also indicated a recovery process with CMIE data on unemployment figures in February showing an improvement from that in February 2020
The government intends to lay BharatNet in villages all over India and the prime minister wants this to be accomplished in the coming 1000 days, Information Technology Minister Ravi Shankar Prasad sai
The IT and ITeS companies are looking to hire junior-level talent for other locations as it would exempt them from falling under the ambit of the job reservation law