2018 may see IT sector add two lakh jobs
The year 2017 was a year of disruption for the Indian job landscape, but the hiring scenario looks glossy now. The new year may see an addition of 2 lakh jobs in the IT industry, experts said.
The Indian job market is in a state of flux, thanks to rising adoption of artificial intelligence (AI), and according to experts, upskilling is the only way employees would be able to survive this transitory phase.
While rising adoption of automation technologies will lead to job losses for some segments, sectors like mobile manufacturing, Fintech and start-ups look bullish going ahead.
Improvements in financial services and digital businesses, especially an increase in investments in digitisation and automation and a conducive investment climate are expected to result in business growth, said AlkaDhingra, GM-IT staffing, TeamLease Services.
The uptick in hiring will also be because of new employers, as around 20% more employers are likely to hire in 2018. The Indian IT industry is expected to add around 1.8-2 lakh new jobs in 2018, she said.
Further, the industry requires 50% more workforce equipped with digital skills. The growing opportunities in the digital technology arena, including in government initiatives like Digital India, will add jobs in digital technologies, AI, Robotics. In fact, AI alone will create 2.3 million jobs globally by 2020, Ms. Dhingra added.
A recent FICCI-Nasscom& EY report said by 2022, 9% of India™s 600 million estimated workforce would be deployed in jobs that do not exist today.
Courtesy-PRESS TRUST OF INDIA, Courtesy The Hindu-