&w=3840&q=100)
India's IT/ITes sector flexi workforce to reach 900K by 2030: Careernet
Press Trust of India Mumbai
With India's IT and ITeS sector embracing flexible staffing as a core workforce strategy, a report on Wednesday revealed that the gig economy, which is growing at 15 per cent annually, will touch 9 lakh professionals by 2030.
Currently, India's IT/ITeS sector employs 3,90,000 flexi workforce, accounting for around 7 per cent of the total 5.8 million professionals in the sector, talent solutions provider Careernet said in a report - "The Rise of Flexi Staffing: Outlook for India's IT/ITeS Talent Landscape".
The report projected this number to more than double to 9,00,000 by 2030, growing at a 15 per cent Compound Annual Growth Rate (CAGR).
The Careernet's 'Rise of Flexi Staffing: Outlook for India's IT/ITeS Talent Landscape' report is based on real-time hiring data, market research, and industry trends.
"With India being a global offshoring hub, demand for flexi workers is expected to rise in the IT/ITeS sector. India's IT/ITeS flexi staffing segment is undergoing a structural realignment in workforce planning. Amid digital acceleration and global economic shifts, flexi staffing is being adopted as a model that supports speed, specialisation, and scalability," Careernet Chief Business Officer Neelabh Shukla said.
For professionals, flexi roles offer career exploration, skill-building, and better work-life balance - key priorities for the millennial and Gen Z workforce, he added.
Further, the report highlighted that Bengaluru led the country in flexi IT/ITeS hiring, accounting for 25 per cent of the workforce, followed by Hyderabad at 15 per cent.
Other major cities, including Delhi NCR, Mumbai, Pune, and Chennai, each contribute approximately 10 per cent to the overall share, it stated.
Interestingly, the report found that tier II and III cities are also witnessing growth, now comprising around 20 per cent of the flexi IT/ITeS workforce.
This trend is driven by the availability of local talent and cost-effective business models, moreover, the decentralisation of talent hubs is enabling firms to expand more flexibly, without the constraints of high real estate and infrastructure costs, it noted.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
4 hours ago
- Time of India
Lenskart's Rs 8,000 crore IPO; IT's GCC threat
Next Lenskart's Rs 8,000 crore IPO; IT's GCC threat Want this newsletter delivered to your inbox? Also in the letter: Lenskart files for Rs 8,000 crore IPO; founder Peyush Bansal boosts stake IPO snapshot: Fresh issue: Rs 2,150 crore. Rs 2,150 crore. Offer for sale: 132.2 million shares from existing investors, including SoftBank, Temasek, Kedaara Capital and Alpha Wave Global. 132.2 million shares from existing investors, including SoftBank, Temasek, Kedaara Capital and Alpha Wave Global. Cofounders Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi are together selling 31.8 million shares. Founder move: He will also offload 20.5 million shares in the IPO, potentially netting Rs 700–750 crore. Founder stake top-ups ahead of IPOs have become a familiar trend in India's startup ecosystem, from Zomato to Swiggy and Freshworks. By the numbers: FY25 revenue: Rs 6,625 crore, up 22% year-on-year. Rs 6,625 crore, up 22% year-on-year. Net profit: Rs 297 crore vs. Rs 10 crore loss in FY24. Rs 297 crore vs. Rs 10 crore loss in FY24. International revenue: Rs 2,638 crore, over 40% of total. Rs 2,638 crore, over 40% of total. Store footprint: 2,700+ globally. Between the lines: Its omnichannel model now spans Asia and the Middle East, with the 2022 acquisition of Japan's OwnDays powering its international surge. FY25 was the first year the deal's full impact was reflected in the books. The company is also expanding in Europe, with its Singapore arm set to acquire 80% of Spanish brand Meller for Rs 407 crore, a move aimed at Gen Z consumers. What to watch: Also Read: Rapid GCC growth reshapes India's outsourcing industry Driving the change: Also Read: Setting context: What this means: Number-wise: The IT services sector employed around 5.4 million professionals as of FY24. GCCs employed nearly 1.9 million people, with net additions of 90,000 in FY24 and over 100,000 in FY25. Some global banks, such as JP Morgan Chase and Wells Fargo, now employ more people in their Indian GCCs than a mid-tier IT firm. Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Nasscom meet warns of workforce rationalisation as IT faces big reset Driving the news: What's next: Also Read: Keeping Count Other Top Stories By Our Reporters Swiggy adds about 2,000 employees in FY25: W Health's new fund: Insolvency petitions against Blusmart: Zepto's secondary deal: Global Picks We Are Reading Happy Wednesday! Lenskart has filed its draft IPO papers for a Rs 8,000-crore public offering. This and more in today's ETtech Morning Dispatch.■ Nasscom's warning■ Inside Swiggy's annual report■ W Health Ventures' new fundPeyush Bansal, CEO, LenskartEyewear retailer Lenskart has kicked off one of the year's most anticipated new-age listings, filing its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) of up to Rs 8,000 Bansal recently bought a 2.5% stake in the company for Rs 222 crore from early investors at a $1 billion valuation, even as Lenskart now eyes a listing at Rs 70,000–75,000 ($8–9 billion) eyes will now be on how public markets price a profitable, global-facing Indian startup betting on vision, both literally and booming global capability centres (GCC) are quietly reshaping the country's tech landscape . Their meteoric rise is starting to squeeze the traditional, people-heavy outsourcing model that has powered India's services exports for over three companies (MNCs) are increasingly building or expanding GCCs in India to handle critical technology work in-house. Instead of outsourcing to Indian IT giants, they are insourcing core functions. The trend is slowing third-party demand and fuelling job cuts across the sector.A recent HFS survey of 200-plus enterprises shows the scale of the pivot. Over 65% of companies expect to shift at least 10% FTEs (full-time equivalent, which measures the work based on employees' work hours) from vendors to their own impact is already visible. Tata Consultancy Services (TCS), India's largest software exporter, announced it would trim 12,000 jobs this year, around 2% of its workforce, rattling the say the surge of GCCs is biting hardest in banking, financial services, and insurance (BFSI), where clients have aggressively scaled up Indian Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship after TCS announced its mass layoffs s , IT industry body Nasscom said it expects some job cuts soon in the wider $283-billion technology industry body, which convened a meeting in Bengaluru on Tuesday, stated that these layoffs are a result of the shift towards product-oriented delivery models and the increasing demand from global clients for greater agility, speed, and said that the technology sector is experiencing a structural shift as artificial intelligence (AI) and automation become integral to business operations, affecting both service delivery and workforce legacy roles are still on the chopping block as firms relocate talent and trim middle management. The message is blunt: workforce strategy will follow business needs, not HR and grocery delivery company Swiggy added around 2,000 employees in fiscal 2025, increasing its total workforce to 7,431 as of March 31 this year, according to its annual report released on venture capital firm W Health Ventures aims to raise $70 million , or approximately Rs 610 crore, for its second India-focused fund to back healthcare startups in the Ahmedabad bench of the National Company Law Tribunal has admitted a petition seeking to initiate bankruptcy proceedings against ride-hailing startup BluSmart non-banking financial company (NBFC) Elcid Investments is investing Rs 7.5 crore in quick commerce company Zepto, it said in a stock exchange filing.■ Ex-Apple engineer brings Silicon Valley tactics to European defence tech ( FT ■ Meta is going to let job candidates use AI during coding tests ( Wired ■ Inside the collapse of Was it even an AI company? ( Rest of World
Time of India
11 hours ago
- Time of India
Google and Meta no longer cool? 75% of grads are walking away from Big Tech dreams for new career paths
Gen Z new career paths 2025: For years, the towering offices of Google, Apple, Meta, and Amazon symbolised more than just workplace campuses, they were seen as modern cathedrals of ambition, because a job offer from one of these tech giants wasn't just a career milestone, it was a badge of honor, as per a report. However, that outlook is rapidly changing at present. Why Are Gen Z Graduates Turning Away from Big Tech? Today's graduates are turning away from Silicon Valley, not because they lack the talent or the opportunity, but because they're searching for something else: stability, meaning, and purpose, as per a TOI report. The once-unquestioned allure of Big Tech is beginning to fade, according to the report. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Data Analytics Finance Degree Data Science Others Digital Marketing PGDM Leadership Technology Project Management Product Management others healthcare Management Design Thinking Data Science Healthcare CXO MBA MCA Public Policy Cybersecurity Operations Management Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Tech No Longer Tops Gen Z's Employer Wish List A study by the National Society of High School Scholars (NSHSS) found that many Gen Z graduates no longer see tech companies as ideal employers, as per a Fortune report. The reasons are clear: job security is now in question, as artificial intelligence and machine learning continue to replace entry- and mid-level roles, as per the report. The pace of change is relentless, as the same companies that once promised progress are now associated with sudden layoffs and uncertainty, reported TOI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Pics] Do This Right Away If You See This Type Of Bug Undo ALSO READ: NYC office shooting: Security guard Aland Etienne among four killed, gunman Shane Tamura's target remains unclear AI and Automation Spark Fears of Layoffs Recent, high-profile layoffs, especially at companies known for generous perks and flexible work cultures, have only deepened this concern, as per the report. For many young job seekers, the message is loud and clear: a career in Big Tech no longer guarantees long-term security, as per the TOI report. Live Events Healthcare and Human-Centered Jobs on the Rise Instead, more and more graduates are choosing paths rooted in care and human connection, according to the report. A survey by Network Trends revealed that 76% of students ranked job stability as their top priority, which was more important than salary, prestige, or even location, as reported by TOI. Many are now looking to healthcare, social services, and human-centred professions, as per the report. ALSO READ: Shiba Inu's big comeback? 3,000% jump could make it the new king of meme coins by 2026 A Generational Shift Toward Purpose and Empathy This shift is deeply personal for the young generation, events like the COVID-19 pandemic, rising awareness around mental health, and a stronger cultural focus on empathy have reshaped how young people view success, according to the TOI report. Careers in medicine, nursing, public health, and therapy are not just seen as 'safe bets,' but they are seen as meaningful, as per the report. Global Trend: Gen Z Professionals Seek Purpose-Driven Careers This change is not just happening in the United States but is being witnessed across the world, according to the report. In Spain, enrollment in healthcare and social service programs has steadily increased from 2018 to 2024, pointing to a larger global trend toward care-focused careers, as reported by TOI. Tech Industry Faces Talent Crisis as Grads Look Elsewhere For the tech industry, the implications are serious. If today's brightest minds are walking away, innovation could suffer, as per the report. It's no longer enough to offer stock options and on-campus perks, as young professionals are asking deeper questions: "What is the ethical impact of this work? Will my job still exist in five years? Am I building something that serves the public good, or just the bottom line?," as reported by TOI. Redefining Career Success in the 2020s The workplace is changing, and so is the definition of ambition. A role at Google no longer holds the same meaning it once did. In its place, a job in nursing or public health may now symbolize resilience, compassion, and relevance, according to TOI. If the early 2000s were about building the digital future, the mid-2020s may be remembered as the time when young people chose to build something more human, as per the report. FAQs Why are Gen Z graduates turning away from Big Tech? They're seeking more than just money, they want jobs that offer security, purpose, and real-world impact. Are AI and automation affecting tech job security? Yes, many grads fear that their roles will soon be replaced by machines.
&w=3840&q=100)
Business Standard
11 hours ago
- Business Standard
Govt nod now must for traders buying farm produce from Maharashtra farmers
The decision taken by the cabinet also stated that taking a licence from the marketing committee or director of the marketing department will be mandatory for buying agriculture products Press Trust of India Mumbai No private trader can purchase agriculture products from farmers in Maharashtra without the state government's permission, according to a decision taken by the cabinet on Tuesday. The decision taken by the cabinet also stated that taking a licence from the marketing committee or director of the marketing department will be mandatory for buying agriculture products from cultivators. The marketing director has been authorised to issue a Single Unified Licence to traders to trade across the country. In another decision, the cabinet approved a proposal to establish a cadre of marketing committee secretaries under the authority of marketing director. The cabinet also pushed for effective implementation of the e-NAM (National Agriculture Market) scheme in the state so that farmers get reasonable rates for their produce. The central scheme will cover 133 Agriculture Marketing Produce Committees (APMCs) in Maharashtra. National Agriculture Market (eNAM) is a pan-India electronic trading portal which networks the existing APMC mandis (marketplaces) to create a unified national market for farm commodities. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
