Summary:

Emerging technologies such as AI, cybersecurity, cloud computing, and data science are expected to create over one million jobs in India by 2030, according to Quess IT Staffing's 'Technology Skills Report, December 2024.' Blockchain and quantum computing will also fuel innovation in the BFSI, healthcare, and retail sectors. With the IT workforce expanding from 5.4 million to 7.5 million, smart investments in upskilling are critical, contributing more than Rs. 12.82 trillion (US$ 150 billion) to India's economy.

According to the analysis, blockchain positions in India will increase by 60% between 2021 and 2023, while global cloud computing hiring will rise by 30-35% year on year in 2023. AI and machine learning are driving advances in fraud detection, personalized treatment, and inventory management. Bengaluru is the leading location for IT employment, accounting for 43.5% of demand, followed by Hyderabad and Pune, further bolstering India's status as a global technology powerhouse.

Source: IBEF 

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