Bucking the trend, IT companies in India to increase hiring in 2023: Survey

India is going to be an overall employment gainer in 2023 due to a stable geographical, economic and political foundation: Randstad

Photo: Bloomberg

Photo: Bloomberg

BS Web Team New Delhi
Driven by India's stable geographical, economic and political foundation, tech firms in India are expected to pick up their hiring in 2023, despite the global trend of growing layoffs and hiring freeze, findings from staffing and recruitment services firm Randstad showed on Thursday. 

"While cost optimization is one of the many reasons behind such decisions, India's stable geographic, economic and political foundation is the most important reason why these organizations are looking to invest in India and effectively manage their business continuity plans. Given these trends, we are anticipating a very promising Q1FY24 in terms of hiring numbers, especially in the technology sector," Sanjay Shetty, director of Professional Search & Selection and Strategic Account Management at Randstad India said. 


First Published: Dec 15 2022 | 1:13 PM IST

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