Indian IT sector is on a fast track. It can see a high rate of hiring. The pandemic has even promoted this sector. It is because there is high demand for IT services. Different fields are investing a lot in the IT sector. As more companies and organizations are realizing the importance of the digital world. They are investing even more. The pandemic situation also pushed digital acceptance more. So, people are believing more in the importance of IT in the future.
But in some countries, there is a chance of recession. It is because there is inflammation and there is also a decrease in spending by the companies in some sectors. It is due to the loss of business and decrease in profit because of the pandemic.
The pandemic has also forced many small companies to shut down. So, there are also changes in terms of the number of opportunities available for freshers and other job seekers.
Even after the recession period in 2008-09, there was a high rate of hiring. The companies started to invest more in technology-centric software and services.
The recent advancements like the introduction of 5G are forcing more adoption of new IT-related systems. There is also high demand from private companies and government bodies for IT-related equipment. So, various improvements and requirements are fueling the hunger in the IT sector.
The majority gainer has been the cloud sector. As more people are adopting cloud services, it is generating more demand for cloud skills among professionals.
The other major push has been the shift of more professionals toward the IT sector. Many professionals from various fields are grabbing the new opportunity and are changing their fields to IT. It has also pushed the boom in the IT sector in India.
The other point to note is the introduction of many new fields in the IT field. There is a huge demand in Data Science and Machine learning fields.
All of these factors are helping India in avoiding the effects of the recession to large extent. The various reasons listed above are responsible for the increase in popularity of the IT field in India.