Job Card

Dec 16, 2024

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The number of job vacancies in the IT sector in India per year

The number of job vacancies in the IT sector in India per year can vary significantly depending on economic conditions, industry growth, and demand for specific skills. Here are some insights based on recent trends:

Open IT Vacancies:

IT Sector Growth: The Indian IT sector has been growing rapidly, with companies like TCS, Infosys, and Wipro continuously expanding their workforce. The industry employed over 5.4 million people as of March 2023, and the demand for new employees has been rising with digital transformation trends.
Annual Vacancy Estimates: According to reports, India’s IT industry creates hundreds of thousands of job vacancies annually. For example, in 2022, around 150,000 to 200,000 jobs were reported as available in IT, particularly in roles like software development, cybersecurity, cloud computing, AI, and data analytics.

Vacancy Fulfilment:

Filling Vacancies: The number of vacancies filled each year depends on skill availability and hiring cycles. In some reports, large IT firms may report filling around 90% or more of open positions within a year. However, highly specialized roles, particularly in emerging technologies, might take longer to fill.

The IT sector often faces a mismatch between the high number of vacancies and the availability of qualified candidates, especially for niche skills in areas like machine learning, blockchain, and cybersecurity.

The Indian IT sector has experienced notable fluctuations in job creation and filling rates from 2022 to the present, with projections indicating continued growth into 2025.

2022-2023: Stabilization and Growth

In 2022-2023, India's labor market indicators improved, with the unemployment rate declining to 3.2%. However, hiring in the IT sector slowed significantly during this period.

NASSCOM Community

2024: Recovery and Expansion

The IT industry regained momentum in the second half of 2024, setting the stage for a promising 2025. Fresher hiring is projected to increase by 15-20%, with a surge in demand for specialized tech roles such as artificial intelligence (AI), machine learning (ML), data analytics, and cloud technologies.

Business Standard

2025: Projected Growth

Looking ahead, the Indian IT sector is expected to witness a 15-20% growth in job opportunities across various industries in 2025. The demand for highly specialized tech roles, including AI, ML, data analytics, and cloud technologies, is anticipated to surge by 30-35%, driven by the increasing reliance on emerging technologies.

Business Standard

Additionally, the tech job market in India is set to grow by 8.5% in 2025, with increasing demand for AI architects, cloud engineers, and data scientists. Expected salary hikes could reach up to 30% above industry standards.

Nucamp

Impact of Artificial Intelligence

While AI is transforming India's technology outsourcing business, potentially leading to job displacement in certain areas, it also presents opportunities for the industry to adapt and evolve. The integration of AI into operations is expected to create new roles that demand greater critical thinking and problem-solving skills.

The Wall Street Journal

Conclusion

The Indian IT sector is poised for significant growth in job creation and filling rates from 2022 through 2025, driven by technological advancements and increasing demand for specialized skills. While challenges such as AI integration may impact certain job categories, the overall outlook remains positive, with substantial opportunities for both freshers and experienced professionals in the evolving tech landscape.

Recent Developments in India's IT Sector

The Wall Street Journal