Emerging tech to drive India's job market with 20% growth in 2025: Report

India's IT ecosystem is on a robust growth trajectory, with emerging technologies expected to drive a 20% increase in new jobs in 2025, according to FirstMeridian Business Services. In 2024, the sector saw a 17% surge in employment opportunities, fueled by rapid digital transformation and demand for niche tech roles like application developers, AI specialists, and cybersecurity experts. Generative AI alone is projected to create one million new jobs by 2028, significantly boosting GDP, while salaries in this domain are anticipated to rise by 25-30% for mid-level positions. The Global Capability Centers (GCCs) have contributed significantly to job creation, employing over 6,00,000 professionals since 2018, and are expected to reach 2.8 million by 2030.

The IT gig economy is poised for threefold growth, employing 24 million people by 2030, with demand equally split between Tier I and Tier II cities. As companies increasingly rely on gig workers for niche expertise, flexible talent solutions are shaping the future of IT hiring. Non-tech sectors like BFSI and Telecom are also expected to increase their tech hiring, while a focus on upskilling, supported by initiatives like Digital India and Skill India, will address talent shortages in areas like AI and cybersecurity. Despite challenges from global economic uncertainties, the sector remains resilient, with businesses expanding digital infrastructure and increasing upskilling budgets by 15-20% to prepare for future demands.

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