Signs of slowdown in Indian IT sector?

Indian IT companies are delaying  joining dates of new hires. This may reflect an expected  slowdown in demand for IT services in mature markets. It may also have something to do with the double digit salary growth witnessed in this sector, which is reflected in lesser attrition – attrition is down from 25% to 15%.

This year, TCS has campus hired 40,000 students, Infosys 30,000, Cognizant 28,000, Wipro 20,000 and HCL 8,000.

via Slowdown: IT cos delay freshers’ joining letters – The Times of India.

Cognizant's Delivery Center in Chennai, India.

Image via Wikipedia

However, this is not dampening the current hiring spree, which reflects an expected uptick in demand for IT services within the next 1.5 – 2 years.

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