New Delhi: The year 2017 was a year of disruption for Indian job landscape, but hiring scenario looks glossy in the new year with likely addition of 2 lakh jobs in the IT industry, experts say.
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 will 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 startups look bullish going ahead.
“Improvements in financial services and digital businesses, especially increase in investments in digitisation and automation and conducive investment climate are expected to result in business growth,” said Alka Dhingra, general manager, IT staffing, TeamLease Services.
According to her, the uptick in hiring will be also because of new employers, as around 20 per cent 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, as India is heading towards Digital India, the industry requires 50 per cent more workforce equipped with digital skills. “The growing opportunities in the digital technology arena including 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,” she added.
Echoing similar sentiment, Adobe India vice president employee experience Abdul Jaleel said: “new age technologies intensified the need for digitised workplaces and meaningful employee experiences, making retention and growth of high-performance employees a greater challenge. The advent of automation at workplace led to the conception of newer roles fuelling the demand for expertise in novel avenues.”
According to a FICCI-Nasscom & EY report, by 2022, 9 per cent of 600 million estimated workforce would be deployed in new jobs that do not even exist today.