New Delhi:
According to Naukri.com’s recent report Jobspeak, jobs in artificial intelligence (AI) and machine learning (ML) are growing rapidly in India.
The report highlighted a staggering 37 percent year-over-year growth in AI and ML jobs in May, highlighting the industry’s increasing focus on expertise and talent in AI technologies. This surge in demand reflects the critical role that AI and ML are playing in transforming various sectors and driving technological advancements.
In addition to AI and ML, the report notes that several other sectors also saw significant employment growth in May. These sectors include banking, fast-moving consumer goods, and oil and gas.
Overall, white-collar employment in India increased by 6% in May compared to April 2024. White-collar jobs typically involve administrative, clerical, or clerical work performed in an office environment, generally pay higher wages, and require higher skill levels.
The report highlighted that non-metropolitan cities such as Surat and Raipur emerged as employment hotspots with the highest year-on-year employment growth. These cities are becoming increasingly attractive to job seekers and employers alike due to factors such as lower costs of living and new business opportunities.
However, in the employment growth scenario in metropolitan cities like Mumbai, Hyderabad and Bangalore, the number of jobs declined marginally. This trend signals a potential shift in employment dynamics, creating more opportunities in non-metropolitan areas.
A notable trend highlighted in the report is the increasing demand for jobs that require extensive experience. Job openings in the 16 years experience category saw a significant 23% increase, reflecting the industry’s need for experienced professionals who can bring expertise and leadership to the role.
While most sectors reported mid-single-digit growth, relatively slow-growing IT, BPO, and education sectors dragged down the overall index. Nevertheless, several key sectors showed strong performance.
The oil and gas sector recorded 14% year-on-year growth due to strong demand and increased investment. The banking sector grew 12%, reflecting ongoing expansion and digital transformation efforts within the industry.
The FMCG sector witnessed an impressive 17% YoY growth, with Mumbai and Kolkata leading the surge with 38% and 25% growth respectively. This growth demonstrates rising consumer demand and the sector’s resilience in the face of economic challenges.
The healthcare sector also showed strong growth, up 8% year-on-year. This growth was primarily driven by large cities such as Bangalore and Hyderabad, where healthcare infrastructure and services are rapidly expanding.
Similarly, the travel and hospitality sector also recorded a growth of 8%. This reflects a recovery in travel activity and increased consumer spending in leisure and tourism.
Despite these positive trends, the report also showed a 2% decrease in new employment opportunities for entry-level professionals compared to May 2023.
This decline suggests that while there is strong demand for experienced professionals, opportunities may be relatively limited for recent graduates and those in the early stages of their careers.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
