Despite continuous worldwide layoffs from top tech giants like Twitter, Meta, and Amazon in the IT industry, the Indian IT Market and companies come with a blow of peace and set an example with this news. According to Infosys co-founder Kris Gopalakrishnan, The Indian IT industry will recruit two lakh people in the near term, said at the ongoing Bengaluru Tech summit.
The speculation from leading technocrats spreads positive vibes in the current layoff and recessions atmosphere around the globe. The investment in digitalization and technology transformation will continue for the next couple of years.
Despite slow worldwide GDP growth contemplation for this financial year, India is emerging as a world-leading growing economy around the globe.
On the other hand, data protection and privacy are some of the major challenges for the industry. Machine learning, IoT, and Data science will be the leading technologies that play a critical part in the Digital Transformation journey.