IT sector hiring remained subdued in Q2 FY24, showing a decline in headcount for large IT services companies.
Despite the overall muted hiring, there was a notable surge in demand for functional skills such as Development, ERP, Automotive Design, Testing, and Administration.
Specific functional skills contributed to 65% of IT sector demand, with additional interest in Gen AI, Data Science, DevOps, Cloud, Automotive Engineering, Cyber Security, and Networking Specialists.
India's IT sector is transforming beyond Bengaluru, with emerging tech hubs like Pune, Hyderabad, Mumbai, Chennai, and Delhi NCR gaining prominence, accounting for over 79% of technology job postings.