No salary hike for freshers in IT space amid hiring blues

No salary hike for freshers in IT space amid hiring blues

Fresh engineering graduates find it tough to find jobs amid slow phase of hiring in India’s $160-billion IT industry. Top companies such as TCS, Infosys and Wipro are India’s largest outsourcing firms are unlikely to revise fresher-level wages. India’s largest firms such as Citigroup and General Electric firms are scrambling to protect their precious margins, amid rising inflation and cross-currency fluctuations. According to the NAASCOM report, India produces over 1 million engineering graduates every year now, the number of jobs available in the IT industry as of now hovers around 200,000-300,000.

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