Fresh engineering graduates find it tough to find jobs amid slow phase of hiring in India's $160-billion IT industry. Top companies such as TCS, Infosys and Wipro are India's largest outsourcing firms are unlikely to revise fresher-level wages.
India's largest firms such as Citigroup and General Electric firms are scrambling to protect their precious margins, amid rising inflation and cross-currency fluctuations. According to the NAASCOM report, India produces over 1 million engineering graduates every year now, the number of jobs available in the IT industry as of now hovers around 200,000-300,000.
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