AI and ML job openings surge in India, CIO News, ET CIO

According to a recent Naukri.com report Jobspeak, artificial intelligence (AI) and machine learning (ML) jobs are growing rapidly in India.

The report highlights the growing industry focus on AI technology expertise and talent, with AI and ML hiring growing by a staggering 37% year-over-year in May. This surge in demand reflects the critical role AI and ML are playing in transforming various sectors and driving technological advancements.

In addition to AI and ML, the report noted that several other sectors also saw significant job gains in May. These sectors include banking, FMCG, and oil and gas.

Overall, white-collar employment in India grew 6% in May compared to April 2024. White-collar jobs involve administrative, managerial or clerical work, typically performed in an office environment, and generally command higher salaries and require higher skill levels.

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The report highlighted that non-metro cities such as Surat and Raipur have emerged as employment hotspots, registering the highest year-on-year job growth. These cities are becoming increasingly attractive to both job seekers and employers due to factors such as lower cost of living and new business opportunities.

However, there was a marginal decline in employment in the employment growth scenario in metropolitan cities like Mumbai, Hyderabad and Bangalore. This trend indicates a potential change in employment trends, with more opportunities emerging in non-metro locations.

A notable trend highlighted in the report is the increasing demand for jobs that require extensive experience, with a significant 23% increase in jobs requiring 16 years or more experience, reflecting the industry's demand for skilled professionals who can bring expertise and leadership to their roles.

While most sectors registered mid-single digit growth, the overall index declined due to relatively slower growth in the IT, BPO and education sectors. Nevertheless, several key sectors showed strong performance.

The oil and gas sector recorded year-on-year growth of 14 percent, driven by strong demand and increasing investments, while the banking sector recorded growth of 12 percent, reflecting the continued expansion and digital transformation efforts within the industry.

The FMCG sector registered an impressive growth of 17 percent year-on-year, with Mumbai and Kolkata leading the rapid growth with increases of 38 percent and 25 percent respectively. This growth demonstrates rising consumer demand and the resilience of the sector in the face of economic challenges.

The healthcare sector also witnessed strong growth, up 8% year-on-year, driven primarily by large metros such as Bangalore and Hyderabad, where healthcare infrastructure and services are expanding rapidly.

Similarly, the travel and hospitality sector recorded growth of 8%, reflecting a recovery in travel activity and increased consumer spending in leisure and tourism.

Despite these positive trends, the report also shows a 2 percent decrease in new job opportunities for entry-level professionals compared to May 2023.

This decline suggests that while demand for experienced professionals remains robust, opportunities for recent graduates and those in the early stages of their careers may be relatively limited.

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