Only 45% job seekers employable in Indian IT-tech sector amid skill crunch

Dec 20 2023 09:00 AM IST
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1.55 lakh freshers likely to be recruited in the IT/tech sector in FY24 versus 2.3 lakh in FY23. With approximately 1.5 million engineering graduates actively seeking IT/Tech roles, muted market sentiments have created a turbulent landscape. The Indian IT industry is set to hire 10 per cent of engineering graduates in FY 2023-24.
Only 45% job seekers employable in Indian IT-tech sector amid skill crunch

With the widening skill gap in the Indian IT industry, only 45 per cent of job-seeking graduates seem employable and 1.55 lakh freshers are likely to be recruited in the IT/tech sector in FY24 versus 2.3 lakh in FY23, a report showed on Tuesday.With approximately 1.5 million engineering graduates actively seeking IT/Tech roles, muted market sentiments and intensified skills evaluation mechanisms have created a turbulent landscape. The Indian IT industry is set to hire 10 per cent of engineering graduates in FY 2023-24, according to TeamLease Digital’s report.As major IT companies freeze fresher intake, alternate sectors are opening up demand. Global capability centers (GCCs) and non-tech sectors like BFSI, communication, media and technology, retail and consumer business, life sciences and healthcare, engineering research and development, and energy and resources, have expanded entry-level hiring, the report mentioned.TRENDING NOWSameera Agro and Infra Limited IPO: Check issues size, price band and other detailsIPL 2024 CSK Full Players List: Chennai Super Kings pick Rachin Ravindra, Shardul Thakur, Daryl Mitchell and Sameer Rizvi; Full Squad, Captain, Coach, Players All you Need to KnowIPL 2024 DC Full Players List: Delhi Capitals picks 19-year-old Kumar Kushagra for Rs 7.20 crore, with Shai Hope, Harry Brooks among others; Check Full Squad, Captain, Coach, Players, All you Need to KnowIPL 2024 SRH Full Players List: Sunrisers Hyderabad picks Pat Cummins for a record Rs 20.50 crore; Full Squad, Captain, Coach, Players All you Need to KnowRBI tightens rules for banks, NBFCs’ investments in alternative investment fundsGoogle Maps introduces landmark-based Address Descriptors in India – Here’s how it worksIPL 2024 Gujarat Titans Full Players List: GT pick Shah Rukh Khan, Azmatullah Omarzai; Check Full Squad, Captain, Coach, Players All you Need to KnowIPL 2024 KKR Full Players List: Kolkata Knight Riders pick Mitchell Starc for record bid; Full Squad, Captain, Coach, Players, All you Need to KnowIPL 2024 RCB Full Players List: Royal Challengers Bangalore pick Alzarri Joseph for Rs 11.50 cr, Tom Curran for Rs 1.5 cr and Yash Dayal for Rs 5 cr – Full Squad, Captain, Coach, Players All you Need to KnowGood news for homebuyers: Yogi Govt approves Amitabh Kant Committee proposals — Immediate possession, registry, other major recommendations approvedMICL secures commencement certificate for its residential project in MumbaiVarun Beverages, Grasim, RVNL, Deepak Nitrite: Stocks to watch on WednesdayIPL 2024 Mumbai Indians Full Players List: MI picks Gerald Coetzee and Dilshan Madushanka; Check Full Squad, Captain, Coach, Players, All you Need to KnowHaryana plans to expand Delhi Metro till Kundli: Agriculture Minister J.P. DalalMahindra & Mahindra to add Vision Thar.e Electric SUV to its lineup in 2024“A united front can be forged through the collaborative efforts of the industry, academia, and government, leading to relevant programmes and curricula being designed. Government initiatives play a pivotal role in supporting skill development and research projects aimed at tackling industry-specific challenges,” said Krishna Vij, Business Head, TeamLease Digital.The findings revealed that companies are looking for a combination of soft skills like communication, problem-solving, teamwork, emotional intelligence etc. and hard skills, which involves technical proficiency in programming languages, software development methodologies, cloud computing, and data analytics. In the current educational landscape, it is imperative for institutions to prioritise the integration of industry-specific training programs into their curriculum, emphasised the report.

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