India Tech Industry Trends and Skills Gap Summary:
– India has made significant progress in advanced technologies such as AI, ML, blockchain, IoT, RPA, edge computing, and quantum computing.
– Only 2.5% of Indian engineers possess AI skills, and 5.5% have basic programming abilities, indicating a skill gap.
– 86% of Indian businesses are reskilling IT workers, focusing on key areas like software development, cloud solutions, cybersecurity, and project management.
– Salary trends show starting salaries for AI/ML engineers at Rs. 8.2 lakh per annum and potential growth to Rs. 43 lakh per annum for senior positions.
– Metro cities offer the highest salaries for tech roles, while emerging hubs like Jaipur, Indore, and Coimbatore show promise in data science and product management.
Thoughts:
– The study highlights the importance of upskilling Indian engineers to meet the demands of evolving technologies.
– The focus on key functional areas and salary trends reflects the dynamic nature of the tech industry in India.
– The projected growth in the tech industry underscores the significance of investing in AI, ML, and blockchain for India’s future competitiveness.
– The emergence of new tech hubs outside metro cities indicates a decentralization of tech opportunities across India, fostering innovation and growth.