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IT Spending Growth: A Booming Market
According to Gartner's projections, the Indian IT sector is set to experience an impressive 8% spending growth in 2024, reaching a staggering $124.6 billion. This substantial increase, compared to 3.5% in 2023, reflects a robust demand for tech solutions.
🟢Tech Adoption and Innovation: Riding the Wave
The surge in emerging technologies like artificial intelligence, machine learning, cloud computing, and cybersecurity is reshaping industries.
🟢Skills in Demand: Beyond the Basics
While traditional IT skills retain their importance, the landscape is evolving. There's a growing appetite for professionals well-versed in AI, ML, blockchain, and cybersecurity.
🟢Talent Gap and Upskilling: Bridging the Divide
The industry faces a glaring talent gap of approximately 1 million skilled professionals. However, this presents a golden opportunity for job seekers to bridge this gap by acquiring in-demand skills.
🟢Positive Job Market Outlook: Opportunities Aplenty
Despite a temporary slowdown in 2023, the overall job market sentiment for IT professionals in India remains positive for 2024. Anticipate increased hiring across various sectors, particularly in cloud computing, cybersecurity, and AI/ML, opening doors for those ready to seize the moment.
As we take a loot into the promising year of 2024, the Indian IT sector stands as a realm of possibilities for job seekers.
To make up for the global hiring slowdown, these institutes have also considered potential new startups for early slots, says Rajib Maity, Chairperson of the Career Development Centre at IIT-Kharagpur. However, not without a vetting process. IIT Guwahati’s Lalit Pandey says that startups in the financial and software domain with sound funding, competitive salaries, and challenging roles are making the cut.
Companies visiting the campuses include Deliveroo, Skiify, and Headout. Also visiting the IIT-Delhi and IIT-Madras campuses is aerospace manufacturing startup Agnikul. Its Chief executive Srinath Ravichandran shares that they are offering flexible packages, ranging as high as ₹20 lakh.
Indus Insights is planning to increase the freshers intake from IITs by 20% compared to the previous year, says co-founder Neha Sharma. Chaabi’s CEO Puneet Dhiman shares that students are keen on startups that tackle challenges and provide learning opportunities.
Another report by the publication states that the acceptance rate for pre-placement offers (PPOs) at the IITs also increased this year. Cisco, Oracle, Intuit, Goldman Sachs, and P&G are among the companies offering PPOs, the report adds.
The highest offer at IIT-Guwahati stood at ₹1.1 crore and the institute observed a 10% increase in the number of recruiters this year, shares Head of the Centre for Career Development Lalit Mohan Pandey.
Why there are no calls in the IT industry/ for Software Testers?
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Freshers - certification, selenium + java, ISTQB, test automation, java/python
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Feb 2023,
Amazon, lay off , google - recession
New projects - no , less
companies - employees to work in multiple projects
selected in interviews - you did not receive offer letter
Experienced
Amazon, lay off , google - recession
Feb 2023, March or in April - May - appraisal cycle, - internal hirings
vacancies - less
Career Gap
long career gap
short career gap
