The IT services sector is on a rebound spree, as leading companies are hiring thousands of freshers amid the pandemic. This can be attributed to increased outsourcing and the acceleration of digital transformation services spurred by Covid. It is mainly felt in sectors such as banking, financial services and insurance (BFSI), healthcare, retail and manufacturing.
“With customers focusing on optimising costs, outsourcing of IT services is seeing a steady rise globally. The pandemic has opened up additional opportunities in digital services due to surge in remote working, e-commerce and automated services,” said Anuj Sethi, senior director, CRISIL Ratings, and added, “Ergo, deal wins by Indian players have expanded by 20 per cent on-year in fiscal 2021, with 80 per cent of these being digital deals across verticals.”
As reported in the media last week, Tata Consultancy Services (TCS) has hired 40,000 fresh graduates from campuses last year. TCS, India...