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Indian IT industry: Hiring outlook for Indian IT industry weakens on global macro woes, slow discretionary spends

The Indian IT industry is expected to reduce campus intake this year due to weak global cues and a cut in discretionary spending by clients. Infosys and HCL Techs subdued hiring signals a tough road ahead for freshers. IT giants like TCS, Infosys, and HCL Technologies reported a decline in employee tally in Q2. Global growth concerns, inflation, interest rates, reduced investment, and geopolitical shocks have exacerbated worries.
Milind Lakkad Krishna Vij Morgan Jamie Dimon Nilanjan Roy Siva Prasad Nanduri Sachin Alug

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