Emerging technologies like artificial intelligence (AI), cybersecurity, cloud computing, and data science are set to generate approximately 1 million jobs in India by 2030, according to the latest report by Quess IT Staffing, a leading tech staffing solutions provider. The “Technology Skills Report, December 2024” also projects these advancements will contribute over $150 billion to India’s economy within the same timeframe.

“India’s technology workforce is undergoing a significant transformation,” said Kapil Joshi, CEO of Quess IT Staffing. He emphasized the growing synergy between traditional skills, such as enterprise resource planning (ERP), and cutting-edge technologies like AI, machine learning (ML), and quantum computing, creating unprecedented opportunities in the job market.

India’s overall IT workforce is expected to expand from the current 5.4 million to 7.5 million by 2030, marking the addition of over 2 million jobs.

Key Industry Impacts

• Banking, Financial Services, and Insurance (BFSI):
  Technologies like blockchain and cybersecurity are essential for secure transactions, fraud detection, and identity management.
• AI and ML:
  These technologies enable personalized customer experiences and advanced risk management analytics, especially in sectors like healthcare and finance.
• Healthcare:
  Predictive analytics, personalized medicine, telehealth, drug discovery, and patient data analysis are revolutionizing the industry with AI and data science.
• Retail and E-commerce:
  AI-driven personalized recommendations, inventory optimization, and dynamic pricing are enhancing operational efficiency and customer satisfaction.

The report highlights a significant global trend, with hiring in cloud computing alone growing by 30-35% year-on-year in 2023, driven by demand from IT services, consulting, media, telecommunications (TMT), and automotive sectors.

With India at the forefront of this technological evolution, the adoption of these emerging technologies is poised to reshape industries and position the country as a global tech hub by 2030