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Indian Tech companies to add 3 million jobs in IoT, AI, Analytics by 2023: Report

A report by the Indian Staffing Federation has suggested that the Indian tech industry will add 3 million new jobs over the course of next five years in the country. The report says that these new jobs would come up in digital technology areas such as machine learning, internet of things, artificial intelligence, data science, analytics, augmented reality, big data and blockchain, among others. In fact, the report also highlighted that the size of India’s tech-based jobs might also touch 7 million by 2023.

Rituparna Chakraborty, President of ISF, quoted that the report was based on their constant interaction with tech companies. She said, “this includes Indian tech firms, MNCs, global capability centres of hundreds of international firms, enterprises across segments including e-com, BFSI, pharma and telecom,” adding that India has 1,300 captive units, in which, 400 new ones will be added by late 2019.

She further added that this shift is attributed to a sharp rise in hiring by existing and new global in-house centres due to technology innovation activities in India for their global markets.

Good news is that, the Indian tech giants like Tata Consultancy Services and Infosys have already paced up their hiring in the emerging tech sector manifold. Moreover, this development also comes as a positive change, especially as many IT companies had handed out pink slips in 2017-18 in wake of few projects, increase in automation and migration to cloud computing, among others.

Another report by Analytics India Magazine highlighted that there has been an overall growth in the number of jobs in analytics and data science with India contributing to 6 per cent of open job openings worldwide.