
‘IT sector to see 2 lakh jobs added in FY22’
The Hindu
The Indian IT industry will report a net addition of more than 2 lakh jobs in FY22 as top players alone had a net employee addition of more than 50,000 in the April-June quarter, said Xpheno, a specia
The Indian IT industry will report a net addition of more than 2 lakh jobs in FY22 as top players alone had a net employee addition of more than 50,000 in the April-June quarter, said Xpheno, a specialist staffing firm that tracks country-wide hiring trends. “In the first quarter of the fiscal, IT services players had over 50,000 net headcount additions. With such a bullish beginning, the sector’s net additions for the whole year is set on a trajectory of over 2 lakh,” said Kamal Karanth, talent specialist and co-founder, Xpheno. India Inc, overall saw 2.78 lakh active white collar jobs in the month of August, 4% lower than July 2021, the strongest white collar job month since the pandemic disrupted markets in March 2020, according to a job market study by Xpheno on Friday.
The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.












