Expected to contribute 10% to India's GDP by 2025, the IT industry is on a steady path of growth, with workforce expansion playing a vital role. Reflecting on 2024, the sector saw a 17% increase in new job opportunities, fueled by digital transformation and growing demand for specialized roles in emerging technologies. After a slow start in the first half of the year, the industry gained momentum in the latter half. Looking ahead to 2025, this positive trend is expected to continue, with an average 20% increase in demand for roles such as application developers, software engineers, DevOps engineers, and experts in AI, machine learning, and cybersecurity.
Artificial Intelligence (AI), a major trend in 2024, is set to grow even further in 2025. The AI sector is poised for significant expansion, with high demand for data analysts, engineers, and scientists. The Generative AI (Gen-AI) segment alone is expected to create one million jobs by 2028, contributing substantially to India's economy. Salaries for roles like Generative AI engineers, algorithm specialists, and AI security experts are projected to rise by 25-30% for mid-level professionals, reflecting the growing value of these skills. This surge in hiring is set to drive new projects, strengthen digital infrastructure, and keep up with technological advancements. Industries such as Global Capability Centers (GCCs), which have added over 600,000 jobs since 2018, are projected to employ 2.5 to 2.8 million professionals by 2030. Non-tech sectors, including BFSI and telecom, are also increasing their demand for tech professionals.
As 2025 unfolds, upskilling will become even more critical. Large and mid-sized companies are expected to increase their training budgets by 15-20%, while individuals will actively seek opportunities to upgrade their skills for promising tech roles.
This story is from the Kolkata 02January2025 edition of Millennium Post Kolkata.
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This story is from the Kolkata 02January2025 edition of Millennium Post Kolkata.
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