Automation raises Indian IT industry’s productivity; firms like Infosys, TCS likely to see lower hiring

India’s information technology industry is expected to post the seventh straight year of improving productivity, as automation adds to efficiency and drives down hiring rates among software services companies. The industry is estimated to have required 16,055 engineers to generate every additional $1 billion of export revenue in 2015-16, compared with 31,846 engineers in 2009-10, […]