Emerging Tech to Create 2.73 Million New Jobs in India

Synopsis: Emerging technologies are projected to create 2.73 million new tech jobs in India by 2028, primarily driven by growth in the retail sector. This transformation highlights the need for upskilling in software development and data engineering.

Emerging technologies will probably transform the face of jobs in India considerably. It is projected that 2.73 million new jobs in tech will emerge by 2028, mainly due to developments in AI and other emerging technologies such as retail, manufacturing, education, and healthcare.

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Job Growth Projections

Business transformation AI platform ServiceNow has reported that the workforce expansion in India is certain and to grow from 423.73 million in 2023 to 457.62 million by 2028. That would be a net increase of 33.89 million workers distributed across industries in the country. What's interesting, however, is that the retail sector is expected to lead the drive for hire, adding a further 6.96 million workers to accommodate growth.

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Sector-Specific Opportunities

The report highlights several sectors that will drive job creation:

Retail: 6.96 million new jobs
Manufacturing: 1.50 million new jobs
Education: 0.84 million new jobs
Healthcare: 0.80 million new jobs

These statistics reflect the highest demand for those who will have upskilled competencies in these areas especially Software Application Development, Data Engineering, to survive and thrive in such a gadget-world.

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Role of AI in Job Creation

There would be massive job creations in all possible sectors of the economy says Sumeet Mathur, Sr. Vice President & Managing Director, ServiceNow India Technology & Business Center, AI is going to act as a strong catalyst. In his words, investing in advanced technical skills would not only mean creating high-value job opportunities but also help people create sustainable careers in digital. Initiatives like "RiseUp with ServiceNow," in partnership with local universities and government programs, are working to close the skills gap to arm India's workforce with the tools necessary for success.

Rising Demand for Tech Roles

The demand for tech-related jobs is surging across multiple industries. Key roles anticipated to see significant growth include:

Software Application Developers: +109,700 positions
Systems Software Developers: +48,800 positions
Data Engineers: +48,500 positions
Web Developers: +48,500 positions
Data Analysts: +47,800 positions
Software Testers: +45,300 positions

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Impact of Generative AI in Tech Jobs

Emerging technologies, such as Generative AI, will automate work and augment productivity in traditional tech jobs. For instance, 6.9 hours a week of the work of a Systems Administrator could be automated. AI Systems Engineers would be significantly impacted by AI-related changes. Implementation consultants would benefit from 1.9 hours of their work every week coming from automation with the elimination of repetitive tasks. Even less impacted roles can count on a decent amount of saved time, which can be used to pursue more strategic initiatives for a professional.

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End Note

Considering that emerging technologies are set to transform the nature of jobs and create hundreds of millions of new jobs in India in the next 12 years, by 2028, it is also the turn of retail and other sectors to take the lead in change. Professionals must look forward to embracing related upskilling opportunities that are aligned to technological breakthroughs.

Inputs by Agencies

Image Source: Multiple Agencies