IT jobs will grow by 10% in 2020 and so will salaries, says Teamlease survey

  • Jobs in India’s IT sector will grow in 2020, in terms of both hiring and compensation.
  • The sector might witness almost 10% job growth— for freshers and juniors.
  • It had already created over 40,000 job opportunities in the first half of FY20.
  • Mumbai, Bangalore, Pune and Delhi are expected to create nearly 23,000 IT jobs in the same period.
The coming new year could bring much-needed good news for aspiring young engineers. In 2020, India’s IT sector jobs might grow by 10% — for freshers and juniors.

The sector created over 40,000 job opportunities in the first half of FY20, according to a report by staffing firm Teamlease Services.

“This year, there has been sustained growth in the sector which now stands at ₹13 trillion. The government has backed the industry strongly introducing many reforms like the national level programme to enable mainstream adoption of AI and the ease of doing business for IT led start-ups. These have been the key growth drivers for job creation,” said Supaul Chanda, Business Head, TeamLease Digital.

As many as 23,000 IT jobs will be created in Mumbai, Bangalore, Pune and Delhi.

“While metro cities will continue to captivate maximum professionals, even geographies like Kolkata, Chandigarh and Indore will be the hot spots for IT jobs,” Chanda added.

These IT jobs will traverse across sectors. Manufacturing and services sectors — including agriculture, telecom, real estate and KPOs — will increase hiring for tech roles. The sector had employed over 4.1 million people during the second half of FY19, the report said.

People hired in April and September 2019

SectorsNew hires
Educational Services24,380

The greener outlook for 2020 might also make up for the many jobs lost in 2019 in auto, textiles and other sectors.

“Overall, 8 out of the 19 sectors are expected to witness a double digit rise in job creation. Logistics and educational services alone will add 14.36% more jobs during the period October-March, 2019-20 indicting the dip in the net employment outlook to be more of a passing phase,” said Rituparna Chakraborty, co-founder & executive vice president, TeamLease Services.

The firm also predicts that blue collar jobs in functional areas will grow by 3%.

See also:
India is expected to witness 7% surge in job creation — Healthcare, IT and ecommerce to hire over the next six months

Indian techies looking to change jobs in 2020 — business is getting tighter for the likes of Infosys, TCS, HCL Tech and their peers

Indian CEOs are having a tough time retaining AI, ML, and data science experts
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