AI, ML job postings increased by over 35% in May

AI and ML Jobs


Amid the boom in generative artificial intelligence (AI), companies are looking for specialized talent. Demand for AI and machine learning skills is steadily increasing. Job portal Naukri found that the number of job postings in AI and ML fields increased 37% year-on-year in May.

“The steady job growth in the AI-ML space stands out as a major positive and indicates that the Indian economy and its talent pool are well aligned with the global tailwinds for AI,” said Pawan Goyal, chief business officer at Naukri.

Earlier, a Nasscom-BCG report released in February said India has the second-highest talent base in the world with 420,000 employees working in AI-related roles. The report also said that the Indian AI market is growing at a compound annual growth rate (CAGR) of 25-35 percent and is projected to reach $17 billion by 2027.


Further, Naukri's JobSpeak Index report, which captures the state of white-collar jobs in the country, shows that employment grew by 6 percent quarter-on-quarter but declined by 2 percent year-on-year. Key sectors such as banking, FMCG, healthcare, travel and hospitality have shown double-digit growth. However, employment in the BPO and education sectors declined while IT employment remained almost stable. These three sectors were found to be dragging down the overall index.

Looking specifically at the IT sector, four of the top five technology companies — TCS, Infosys, Wipro, HCL and Tech Mahindra — saw their employee headcount fall by the year ending March 31. HCL Tech was the exception, but collectively these companies lost about 70,000 employees last year, offsetting the 56,000 they hired the previous year.

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