Job Market In India

Experts warn current trajectory could make several centres unsustainable

India is poised to become a global AI talent hub, but a looming skill gap threatens to hinder its progress, with a new study by Bain & Company revealing that the country's AI sector could face a shortfall of over a million skilled professionals by 2027. The report highlighted the urgent need for India to reskill and upskill its workforce to meet the growing demand for AI expertise. "India has a unique opportunity to position itself as a global AI talent hub. However, by 2027, the job openings in AI are expected to be 1.52x of the talent availability. The challenge -- and opportunity -- lies in reskilling and upskilling a significant portion of the existing talent base on emerging technology tools and skillsets," said Saikat Banerjee, Partner and leader in Bain & Company's AI, Insights, and Solutions practice in India. India's AI sector could surpass 2.3 million job openings by 2027 while the AI talent pool is expected to grow to around 1.2 million, presenting an opportunity to

India's job crisis deepens as only 42.6 per cent of graduates are employable, sparking concerns over the growing skill gap in an AI-driven workforce

Franco Pereyra, co-founder, COO of Near sparked an online debate by claiming that the less pay for third-world countries employees is justifiable. However, people denied and countered the narrative

Tier-2 companies added nearly 100 senior executives from Tier-1 firms over the past couple of years in a range of roles including presidents and vice-presidents

Latest PLFS shows unemployment rate fell to its lowest level of 3.2% in July-June 2022-23

A majority say they feel burned out and want better communication from their company's leaders

The survey showed that over 69 per cent respondents are not anticipating a rise in job insecurity with the advent of the new variant

The Lateral and Final Placements for the PGP and PGPBA Class of 2020-22 of the Indian Institute of Management Bangalore (IIMB) saw 662 offers, leading to all 513 students who appeared for placements being placed. Harsh Agrawal, Placement Representative, said: "Overall, there has been a 37 per cent increase in the number of offers YoY, driven primarily by Consulting and Product Management roles. Strategy Consulting continued to be the most sought-after role among the students, followed by Product Management and Finance. Consulting companies made 248 offers led by Accenture with 51 offers, followed by Boston Consulting Group with 30 offers, an IIMB statement said on Wednesday. Top recruiters included Kearney (27), Bain & Company (26) and McKinsey & Company (22). Prominent recruiters in the Information Technology and Product Management domain, who made 141 offers, are Microsoft (15) and OYO (11). The 65 offers made in the E-commerce space included Amazon (37) and Paytm ...

In the last six months, Naukri.com has seen 32 lakh job searches for permanent and temporary remote jobs, by Indian job seekers

45% of industries indicated positive MoM growth in job postings, with retail, home appliances, and telecom industries showing the highest growth

Job listings continued to improve in December with industries including telecom, agro-based units, and media and entertainment returning to the pre-COVID-19 levels

Amid uncertain global markets, employers are adopting a wait-and-watch policy

Sectors like real estate, logistics may create most jobs, shows Assocham-Thought Arbitrage paper