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Business trends

Top Indian IT companies struggle to retain staff as demand grows

Infosys and TCS see margin pressure as salary hikes drive up costs

Tata Consultancy Services, Infosys and other Indian software service exporters have seen demand surge amid the COVID-19 pandemic. (Source photos by AP and Reuters)

MUMBAI -- India's software service exporters have done well throughout the COVID-19 pandemic as companies the world over rushed to upgrade technology. But as demand for IT professionals rises, tech giants such as Infosys and Wipro are facing higher staff attrition.

Bengaluru-based Arka Bagchi, who works for a top IT company, is moving to a smaller outfit where he has been offered a higher salary. After he tendered his resignation, the bigger company offered him an overseas position, which he rejected.

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