New Delhi, Nov 14 (PTI) India's IT flexi staffing space is likely to grow steadily at a compound annual growth rate (CAGR) of 7 per cent from FY24 to FY26, stated a report by industry body India Staffing Federation (ISF).

The IT flexi staffing industry focuses on supplying temporary or contract IT professionals to client organisations.

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ISF has also released the Indian IT Staffing-Sectoral & State Employment Trends Report 2024, which provides an in-depth analysis of trends in employment across various sectors and states.

According to the report, India is the second-largest player in the South Asia-Pacific (APAC) region within the rapidly expanding APAC IT staffing market.

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Lohit Bhatia, President of ISF, said in the statement, "India's IT flexi-staffing sector is anticipated to experience steady growth, with a projected compound annual growth rate (CAGR) of 7 per cent from FY 2024 to FY 2026."

The Indian IT Flexi Staffing Market size is USD 4.9 billion in FY24, with a total workforce of 5,97,000.

According to ISF Vice President Manmeet Singh, employment contributions from IT and IT-enabled Services (ITeS) sectors, along with Global Capability Centres (GCCs), account for 51 per cent of overall value and employ a significant flexi workforce of 2,96,000 professionals.

Suchita Dutta, Executive Director of ISF, said, "States with a strong IT infrastructure and inclusive policies see higher female participation in the workforce. Conversely, male dominance persists in states with traditionally male-dominated sectors such as manufacturing and engineering. The IT female labour workforce participation rate is averaging at 37 per cent."

The report also pointed out regional and industry-specific trends with a focus on regional gender balance in flexi staffing.

Delhi-NCR led in promoting gender balance, with a workforce distribution of 55 per cent male and 45 per cent female in flexi-staffing roles.

Karnataka followed closely, with a female labour force participation rate of 37 per cent, in line with India's national average, it stated.

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