India's Employment Landscape: The Outlook for 2024
India's job market is set to see a 20% increase in the coming years. 2024 is expected to be a turning point in the Indian job market with investments in Artificial Intelligence and Automotive Embedded. These investments will fuel the skilling ecosystem and shape the future of work.
The Artificial Intelligence and Automotive Embedded industry sectors are optimistic about their prospects. The positive sentiments for the automotive embedded industry indicate an expected increase in demand, highlighting the continued significance of technology and global operations.
Other than the Artificial Intelligence and Automotive Embedded industry, the Information Technology (IT) sector has a more conservative approach with a 3% hiring intent, reflecting their exact strategies in response to the changing industry dynamics. Uttar Pradesh, Maharashtra, Karnataka, Delhi, West Bengal, Bihar,? Bengal. Hyderabad and Tamil Nadu are projected to have the highest availability of professional It employees.?
Additionally, Top IT companies are expected to grow through investments, providing employment opportunities for job seekers and foreign companies.
India has managed to showcase its resilience which makes it the fastest-growing major economy. Positive trends in hiring, especially in sectors like Automotive embedded, RPA, AI and ML indicate a dynamic recovery. The focus on diversity, upskilling, and the emergence of new roles powered by AI and generative technology further highlights India's capability to reimagine and recover.
The trend for a hybrid working environment is expected to continue, with both job seekers and employers being interested in them. The significant role of the digital economy, with sectors like fintech and IT driving remarkable growth. These positive trends show our collective resilience and readiness to navigate the changing landscape, creating a workplace that thrives on innovation, diversity, and adaptability.Read more: Job Growth in the Digital Age - Discussing the Role of Data Centres in India with Mr Ankur Gupta
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