Indian Economy News

Crypto, blockchain, NFT jobs in India jump 804% post Covid: Report

  • IBEF
  • June 22, 2022

According to a report by the global job portal Indeed, job postings for cryptocurrency, blockchain, and NFTs have grown by 804% between April 2020-April 2022. Job postings in April 2022 were 15 times more than in 2019, highlighting the role of the pandemic in this sustained growth.

The Covid-19 pandemic has accelerated the use of technology across functions in India, resulting in a higher need for technology professionals, particularly those with knowledge in newer areas like cryptocurrency, NFTs, and blockchain.

Application developer is the top job role across this field, followed by data engineer and full-stack developer, according to the report. The data also shows that crypto roles appear to be one of the biggest shares of hires in overall technology job roles, increasing from 41.22% in 2019-2020 to 67.48% in 2021 -2022.

The business value generated by blockchain is estimated to reach US$ 176 billion by 2025, according to a global report by Gartner.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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