Indian job market stays strong amid global uncertainty: Michael Page India

India's job market has remained resilient amid global economic uncertainties, driven by strong hiring across multiple sectors. According to Senior Managing Director at Michael Page India, Mr. Nilay Khandelwal, the country's edge lies in its deep technical expertise, competitive cost structures, and a workforce that is actively upskilling. Despite cautious hiring trends in some international markets, demand for skilled professionals remains robust in India—especially in digital transformation and advanced technologies. Government-backed initiatives like Skill India and Artificial Intelligence (AI)-centric workforce development programmes have enhanced employability. At the same time, the expansion of Global Capability Centres (GCCs) focused on AI, automation, and Research and Development (R&D) is making India a global innovation hub. 

India produces over 2.5 million Science, Technology, Engineering, and Mathematics (STEM) graduates annually, creating a strong talent pipeline. Its cost advantage continues to attract multinational firms, offering savings in recruitment and operations compared to Western markets. According to the EY GCC Survey 2024, nearly 50% of global organisations plan to expand their GCC presence in India, with rising demand in data analytics, automation, and R&D. Additionally, sectors such as semiconductor design, cybersecurity, renewable energy, and digital payments are witnessing accelerated hiring, supported by private investment and global supply chain realignments. The 2025 Michael Page Salary Guide highlights key in-demand skills, including AI & Machine Learning, Cybersecurity, Cloud Computing, Semiconductor Design, Data Science, and Software as a Service (SaaS) Product Management with go-to-market (GTM) strategy. Mr. Nilay Khandelwal emphasised the need to fast-track upskilling to meet the evolving needs of AI and semiconductor industries. He also noted the shift towards productivity-driven work models as work-life balance expectations evolve. 

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