Indian tech industry hired 4.5 lakh people in FY22, record highest ever yearly addition: Report

Image for representational purpose only. Photo: istock

The Indian tech industry hired nearly 4.5 lakh people in FY2022, the highest-ever net addition in the overall employee base, as the country went through pandemic-triggered digital transformation, a new Nasscom report revealed on Tuesday.

The industry recorded nearly 10 per cent estimated growth in direct employee pool in FY22 with a highest-ever net addition of approximately 4,50,000 to its employee base.

With one out of three employees already digitally skilled, the digital tech talent pool stood at 1.6 million, growing at a compound annual growth rate (CAGR) of 25 per cent, according to the report released by Indian IT industry's apex body.

"We remain committed to catalysing the trillion-dollar digital economy with our focus on talent, technology, collaboration, and innovation," said Rekha M. Menon, chairperson, Nasscom.

India has emerged as a global hub for digital talent with over 50 lakh tech workforce.

With massive focus on reskilling and upskilling, the Indian tech industry reskilled approximately 2,80,000 employees in FY22.

With over 36 per cent women employees, the tech industry is one of the largest private sector women employers in India with over 1.8 million women in the workforce, the findings showed.

With over 70 per cent tech organisations looking at adopting hybrid work models, the industry has set global standards on virtual screening, recruitment, onboarding and training, making it a business-as-usual norm.

"Leading the industry transformation narrative of 'Think Digital, Think India', the industry will maximise tech innovation and impact and build on future readiness with the 'Digital Next' priority of the industry," said Debjani Ghosh, president, Nasscom.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.