The Indian IT services sector is experiencing a hiring boost, with a 5-6% YoY increase in December 2023, driven by a projected 9% growth in 2024 IT budgets.
In-demand skills include Python, Java, JavaScript, databases, and cloud computing. Companies are seeking roles like software developers, network administrators, cloud architects, and cybersecurity specialists.
Salary increases of 10-15% reflect the challenge of finding and retaining skilled talent. Industry insiders anticipate a resurgence in IT spending, prompting lateral hiring and recruiting experienced professionals.
Although overall IT talent demand is currently modest, experts foresee a gradual uptick in IT hiring from H2 2024, with a potential uptick in US demand.