Experts and those who matter predict this for Indian IT sector in 2009:
The tough conditions for the IT job market which began in the second half of 2008, will continue to have more difficult conditions in 2009 as well.
--Fresh hiring by IT industry will be cut down at least to half in 2009.
--Most affected will be Fresh engineering graduates.
--Engineers will be moving to manufacturing, which in the recent years has become their second choice after IT.
Some facts:
--Number of freshers recruited by IT firms in June & July every year: ___100,000 (1 Lakh)
--The single largest recruiter of engineering and professionally qualified graduates:___IT sector in India
--Number of people Indian IT/BPO sectors recruit every year:__________300,000 (3 Lakh)
--Out of which the number of people IT sector recruits alone:___________200,000 (2 Lakh)
--Share of IT sector in recruits:__________________67 %
--The sector gets close to 60-70 per cent of its requirements in campus hirings.
Some definitions:
Laterals: In job market, laterals are people with experience.
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The tough conditions for the IT job market which began in the second half of 2008, will continue to have more difficult conditions in 2009 as well.
--Fresh hiring by IT industry will be cut down at least to half in 2009.
--Most affected will be Fresh engineering graduates.
--Engineers will be moving to manufacturing, which in the recent years has become their second choice after IT.
Some facts:
--Number of freshers recruited by IT firms in June & July every year: ___100,000 (1 Lakh)
--The single largest recruiter of engineering and professionally qualified graduates:___IT sector in India
--Number of people Indian IT/BPO sectors recruit every year:__________300,000 (3 Lakh)
--Out of which the number of people IT sector recruits alone:___________200,000 (2 Lakh)
--Share of IT sector in recruits:__________________67 %
--The sector gets close to 60-70 per cent of its requirements in campus hirings.
Some definitions:
Laterals: In job market, laterals are people with experience.