According to latest study conducted by Naukri JobSpeak there is decreament in employment in india especially in IT sector .IT Companies declined 17 percent year-on-year in May 2017 as volatility in the technology sector continues, according to the recently-released Naukri JobSpeak study. Other tech jobs, such as by BPO (down 10 percent) and telecom (dip of 7 percent) companies.
According to them Information Technology was the worst-hit sector overall, but the oil & gas sector also saw an 18 percent decrease in hiring, and pharma was down 1 percent. There are no new jobs in the construction industry also ,
But the report also gives some positive signs in other sectors. The report tells us. hiring in the banking and insurance sectors are increased by 8 percent and 4 percent, respectively. The auto industry also recorded the highest rate of increase in new jobs at 20 percent. Overall there is only 4 percent negative growth are shown in may 2017.
Our Top IT companies such as Infosys, Wipro, and Cognizant reportedly plan to or have remove off multiple employees.. According to executive search firm Head Hunters India, as many as 1.75 lakh to 2 lakh IT jobs will be cut annually for the next three years. However, IT industry body NASSCOM has claimed the reports are not correct they are just rumors . In fact, many are said to be re-skilling themselves with new technologies and languages as automation is expected to take off up to 5 lakh jobs from India’s IT sector in future .