Latest news with #VSuresh
Entrepreneur
12-05-2025
- Business
- Entrepreneur
AI Adoption, GCCs Growth Push IT Sector Hiring to 16% in April: Report
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. A recently released report noted that the Information Technology sector hiring expanded by 16 percent year-on-year in April 2025 in India due to factors such as "Artificial Intelligence (AI) adoption, cloud modernisation, and continued growth of Global Capacity Centres (GCCs)". "India's IT sector is entering a new era of strategic growth," said V. Suresh, CEO, foundit. "We are witnessing a clear shift from scale-based hiring to a strong focus on specialized, future-ready skills. This transformation reflects India's broader vision to empower its youth for global leadership in science and innovation. While metros continue to drive demand for experienced talent, tier-2 cities are rapidly emerging as vibrant talent hubs," he added. According to IBEF, India's corporate landscape is going through a shift, which is mainly driven by the rise in the number of GCCs. As per an EY report, India accounted for 55 per cent of the world's GCC centres in 2022 and 1,580 centres in 2023. "It is projected that the GCCs in India will cross 1,900 centres by 2025 and 2,400 centres by 2030," IBEF noted. "GCCs played a significant role in this hiring growth, contributing over 1,10,000 new tech jobs in FY25, and ramping up demand for roles like data engineering, DevOps, and enterprise architecture," the report by job platform foundit stated. AI adoption is also growing substantially, with multiple reports claiming as many as 60-70 per cent of businesses in India will integrate AI in their daily operations by the end of 2025 or early 2026. The 'foundit Insight Tracker' report stated that while month-on-month hiring saw an 11 per cent drop due to "seasonality", consistent gains were being witnessed over the last three months. "In 2022–23, the sector experienced a significant correction, with a 22 per cent decline, largely due to global economic uncertainties and tech spending rationalisation. The tide began to turn in 2023–24, with hiring picking up by 9 per cent as market conditions stabilised and enterprises resumed digital investments. The latest data for 2024–25 points to a strong 16 per cent growth, underscoring renewed optimism and sustained demand for digital talent," the report noted. The report also claimed that startups providing IT services were hiring aggressively, thereby adding to overall expansion. "The IT hiring landscape has undergone a dynamic shift over the last five years. Startups, once cautious, have become aggressive recruiters, especially in AI and emerging tech, leading to fresher and specialist hiring. MNCs and GCCs, while continuing to anchor the market, have adapted with selective hiring and deeper engagement in tier-2 cities," the report stated. Cities like Bengaluru and Mumbai recorded a 9 per cent year-on-year growth in hiring, while Delhi-NCR reported a 7 per cent growth, reflecting steady demand for tech talent. In these cities, mid- to senior-level professionals with 4–10+ years of experience remain in high demand. In tier-2 cities such as Coimbatore, Vadodara and Jaipur, however, entry-level hiring is gaining more traction, as more and more satellite hubs are being created. Globally, too, the employment opportunities in the IT sector are set to witness an expansion. "The recently signed India-UK Free Trade Agreement (FTA) will further enhance the global hiring prospects with India having secured significant commitments on digitally delivered services for Indian service suppliers, especially in professional services such as engineering and computer-related services, among others, opening up new job opportunities," said Madan Sabnavis, chief economist, Bank of Baroda.
Hans India
10-05-2025
- Business
- Hans India
India's IT sector logs 16% growth in hiring on AI boost
Bengaluru: Information technology (IT) sector in India is witnessing strong growth, with hiring activity increasing by 16 per cent year-on-year (YoY) in April 2025, a new report said on Friday. A major driver behind this growth is the rapid expansion of Global Capability Centres (GCCs), which have created over 110,000 new tech jobs during the financial year 2024-25, according to data compiled by jobs platform foundit (formerly Monster APAC and ME). This hiring boom comes despite an 11 per cent month-on-month dip in April, which the report attributes to seasonal trends. Overall, the outlook remains positive, with consistent demand across experience levels and an increasing focus on specialised, future-ready skills. According to V Suresh, CEO of foundit, the sector is entering a new phase of 'strategic growth'. He emphasised that India is moving from quantity-based hiring to skill-based, innovation-led employment. 'This transformation reflects India's broader vision to empower its youth for global leadership in science and innovation,' he said, adding that tier-2 cities are becoming important contributors to the digital economy. GCCs are playing a central role in this shift, especially in areas like data engineering, DevOps, and enterprise architecture. The move reflects a larger transformation in India's IT hiring -- from mass recruitment to quality-focused hiring based on in-demand skills, the report said. It highlighted a growing demand for roles in artificial intelligence, cloud computing, cybersecurity, and data analytics. These areas together now make up 95 per cent of job postings in the IT sector. Further, employers are more focussed on practical expertise than on formal degrees, with 62 per cent of companies now prioritising skills over qualifications. In terms of salaries, specialised roles are offering impressive packages. Entry-level AI roles start at Rs7.2 lakh per annum, while experienced professionals in AI can earn up to Rs76.4 lakh. Cybersecurity remains one of the highest-paid domains, with top salaries reaching Rs 87 lakh.
Time of India
26-04-2025
- General
- Time of India
Indian knowledge systems centre at Vastuvidya Gurukulam shut down
Kottayam: The Indian Knowledge Systems (IKS) centre at the Vastuvidya Gurukulam in Aranmula has been shut down. The national coordinator of the IKS division, which comes under the Union ministry of education, sent a communication regarding the closure with immediate effect to the authorities of the gurukulam. Tired of too many ads? go ad free now The letter states that the review committee did not recommend the continuation of the IKS centre and further recommended closing the centre with immediate effect. The letter also mentions that there will be no funding support from the IKS division regarding the same. The administration of the centre was also asked to submit all relevant documents. The IKS centre in Aranmula Vastuvidya Gurukulam was one among the 27 across the country. There are a total of five centres in the state. The IKS division was formed with the aim to rejuvenate and mainstream these knowledge systems for the contemporary world. The Vastuvidya Gurukulam was formed in 1992 under the cultural department of the state govt to preserve and foster the heritage in art and culture in the state. In 2022, the gurukulam submitted a project report regarding construction using mud and ashtabandam (a natural adhesive) before All India Council for Technical Education (AICTE) in 2022. AICTE approved the project alongside a funding of Rs 40 lakhs as well. The gurukulam was also declared as an IKS centre. The IKS centre in the gurukulam developed a building construction technology using ashtabandham that was used in the construction of ancient temples and palaces, as well as recycled products obtained from demolishing old buildings. Meanwhile, the principal investigator of the project, V Suresh, alleged lapses on the part of the governing body of the gurukulam for the closure of the IKS centre. Tired of too many ads? go ad free now "The possibility of developing this centre into a unique university was lost due to the lapses on the part of the gurukulam administration," said Suresh. PS Priyadarsanan, secretary of Vastuvidya Gurukulam, said that the IKS status given is only for a project and is not permanent. "The IKS status was granted for a particular project, and the project is over now. We have submitted all accounts in connection with this," he said, adding that the duration of the project was for two years, and it got an extension of six months which is over now.
