TECH EMPLOYMENT PROJECTION (INDIA)

May 10, 2019

According to a report by Indian Staffing Federation (ISF), the apex body for the ‘flexi’ working industry, the Indian tech industry will add another 3 million new jobs in the next 5 years.

Key highlights of report:

The Indian tech industry will add another 3 million new jobs in the next 5 years. With the additions, the size of the country’s tech army will be 7 million by 2023.
All these new jobs would come up in digital technology areas such as artificial intelligence (AI), machine learning, Internet of things (IOT), data science, analytics, big data, blockchain and augmented reality.
Jobs would also be created in newer technology areas that are presently unknown but are expected to emerge and evolve in the next few years.
Some 63% of CEOs think that AI would have a larger impact than the Internet and some 39% of them had already started AI-related initiatives in their organisations.
The employment projection comes as a big relief to millions of young techies and software engineering students amid talks of the move towards jobless growth with automation that replaces humans with robots.