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NO JOBS! Hiring Slowdown in IT Giants TCS, Infosys Triggers Recession Fear In India? What Lies Ahead?

As per the financial details of both the big Indian IT companies, they reported a dip in headcount. On the hiring front too, the two companies witnessed a slowdown in the first quarter of the fiscal year 2024 (April to June 2023). This has triggered a fear of possible recession, which could have serious consequences for the country's wider economy given the IT sector accounts for around 8 per cent of the country's GDP., Companies News, Times Now ....

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