IT industry growth likely to slow down: ICRA
ICRA expects lower hiring by the IT service companies in the near term because of excess capacity added in FY22 and expected moderation in demand.
ICRA expects lower hiring by the IT service companies in the near term because of excess capacity added in FY22 and expected moderation in demand.
Hiring in the insurance sector continued to grow over last year for the seventh time in a row, clocking an 87% year-on-year growth in August 2022, says Naukri.
Manufacturing accounted for the highest share in employment among major formal sectors, followed by education, IT/BPOs, health, trade, and transport.
“We have to make sure that the new-age skill sets become embedded in the school curriculums and in a scalable manner,” says Rituparna Chakraborty, co-founder & EVP at TeamLease.