From India’s own digital rise to new visa dynamics to a huge demand for talent by Big Tech – there are many levers pulling IT professionals back to India.
Infosys hiring comes after a renewal of four big-ticket contracts, spurring the need for more professionals. The company has sent a broadcast mail to employees, urging them to refer potential candidates in a sign of easing curbs on hiring and revival in business sentiment.
According to staffing firms, Average pay hike for a new job in AI — including AI/ML engineer, robotics engineers, natural language processing engineer, ethics engineer and data architect — has reduced to 15-25% from 50-60% a year ago.
Indias software exporters will end this financial year having hired between 70,000 and 80,000 fresh engineers — the lowest intake in over two decades — for the storied $245-billion industry, which is battling sliding global demand for technology services in the post-Covid era.