Bangalore, Oct 02: Jobs abroad are slowly taking a back seat for most Indian IT professionals as the country's tech job market is booming as tech bigwigs look to India for skilled manpower. Companies are slashing payrolls in the United States and Europe to cut costs, moving software work offshore and creating thousands of jobs for India's low-cost engineers.
Headhunters are scrambling to fill the new jobs.
"The shelf life of a job hunter has come down to two weeks from about two months," said Gautam Sinha, chief executive at TVA Infotech, which is placing about 90 software workers a month, double the number from the start of the year.
Top home-grown software exporters such as Wipro Ltd and Infosys Technologies Ltd are also on a hiring spree but the bulk of their staff additions are entry-level positions.
India's software sector, including the back-office services industry, added 130,000 -- nearly 25 per cent -- to its workforce in the year to March, taking the sector to 650,000. Wage costs are rising but are not yet a threat for a nation that churns out about 200,000 engineers per year, analysts say. Bureau Report