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India – IT hiring to grow 10%-12% in 2021, demand for IT contractual staff to recover (Business Standard)

04 January 2021

IT hiring in India is expected to pick up in 2021 showing double-digit growth as global clients increase spending to digitise their operations using new age technologies, reports Business Standard, citing data from staffing solutions provider TeamLease. The demand for IT talent is expected to gain momentum in 2021 and see a growth of between 10%-12% backed by a positive demand environment. The uptick is expected to be led by recovery in demand for contractual staff which had taken a massive hit apart from advanced technical skillsets such as data sciences and data analytics the demand for which is expected to see an increase of 45%. IT contract hiring which was one of the earliest to take a hit during the pandemic has regained nearly 75% of the pre-Covid level by September this year, said TeamLease. “The drivers for this recovery were digitalisation, new projects & product development across captives, global in-house centres and development centres apart from BFSI (banking, financial services and insurance), pharma, manufacturing,” TeamLease said.