The industry will see around 2 lakh fresh engineering graduates entering the job market this year while another 3 lakh people will move and change jobs within the industry. Also, there will be another over a lakh graduates (BSc computer science, electronics, and bachelor of computer applications) coming to the market from colleges across the country.

Also, some 50,000 mid-to-senior people are expected to join the IT industry from traditional verticals like manufacturing, auto, oil, telecom and logistics as the sector is suffering from an acute shortage of senior talent, say industry observers.

The IT/ITES industry employs around 15 lakh people and at least 25% of it that population will be part of a job churn/change this year. "Many people stayed put in organizations for the last three years due to sheer want of options outside. All in this category are exploring opportunities outside and moving," said B S Murthy, CEO, LeadershipCapital, an IT hiring firm.