India Business

India's 2026 Job Market: Where the Hiring Is, Despite the Layoffs

White-collar hiring grew ~8% in FY26, the strongest in three years — but the growth is lopsided.
Indian IT services slashed headcount (TCS cut 23,460 in FY26) while GCCs added ~200,000 net jobs.
Non-IT sectors led: BPO/ITES +21%, hospitality +15%; BFSI fell 15%.
AI/ML roles jumped ~34%; there is a 38-42% AI and data skills gap to fill.
Freshers should chase AI, cloud, cybersecurity and platform skills, not generic coding.

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