IIT PLACEMENT SEASON HIT BY LOWER SALARY PACKAGES AMID GLOBAL ECONOMIC SLOWDOWN

The 2024 placement season at Indian Institutes of Technology (IITs) is marked by challenges as companies reduce hiring and offer lower salary packages due to the global economic slowdown. Graduates, particularly those at IIT Indore, are facing tough conditions with some receiving annual packages below Rs 10 lakh. Director Suhas Joshi cited reduced recruiter numbers compared to previous years. Similarly, IIT Bombay students note fewer companies hiring and a shift towards seeking jobs independently through job portals and fairs. This trend reflects a challenging environment where graduates are adapting to lower recruitment numbers and salary offers.