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BW Businessworld

2018 Will Bring 1.8-2 Lakh Jobs In The IT Industry

2017 was a year of disruption for Telecom and IT industry. As things are beginning to settle, the hiring sentiments are expected to improve

The year gone by was a slow year in terms of job creation and witnessed a lot of jobs been lost due to adoption of technologies. Job market across the globe is in a transition mode majorly due to the rising acceptance of artificial intelligence and automation. 2017 was a year of disruption for Telecom and IT industry. As things are beginning to settle, the hiring sentiments are expected to improve.

Alka Dhingra, General Manager, IT staffing, TeamLease Services said, “Optimism for the improving job market is due to the positive factors such as improvements in financial services and digital businesses, especially increase in investments in digitization, automation and conducive investment climate resulting in business growth.”

Further, companies who had closed their branches are either revamping and opening at other locations as per demands of market and hiring people with right mix of skill sets.

Alka Dhingra added, “The Indian IT industry is expected to add around 1.8 lakh to 2 lakh new jobs in 2018. In fact, the uptick in hiring is also because of new employers. Around 20 percent more employers are likely to hire in 2018. Some of the sectors that are expected to hire are mobile manufacturing, Fintech and start-ups. These companies are looking to acquire candidates at both junior and mid levels.”

According to Alka Dhingra, as India is heading towards Digital India, the industry requires 50 percent more workforce equipped with digital skills. The growing opportunities in the digital technology arena including government initiatives like Digital India will add jobs in Digital technologies, AI and Robotics. In fact, Artificial intelligence (AI) alone will create 2.3 million jobs globally by 2020.




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