Artificial Intelligence (AI) and Machine Learning (ML) jobs are growing at a rapid pace in India, according to a recent Jobspeak report by Naukri.com, which highlighted a massive 37% year-on-year increase. artificial intelligence AI and ML job postings increased by 1,000 in May, highlighting the growing demand for expertise and talent in the industry. The surge reflects the critical role of AI and ML in driving transformation and technological advancements across sectors.
Additionally, several other sectors also reported notable employment gains in May. These sectors include banking, fast moving consumer goods (FMCG), and oil & gas. Overall, white-collar employment in India grew by 6% in May compared to April 2024. These jobs typically involve administrative, management, or clerical work in an office environment and generally have higher salaries and require advanced skill levels.
Non-metro cities such as Surat and Raipur emerged as hiring hotspots, registering the highest year-on-year job growth. These cities are becoming increasingly attractive to job seekers and employers owing to lower cost of living and new business opportunities. In contrast, metro cities such as Mumbai, Hyderabad and Bangalore saw a marginal decline in employment, indicating a shift in hiring trends towards non-metro cities.
A notable trend is the increasing demand for jobs that require more experience, with a significant 23% increase in roles requiring 16 years or more experience, reflecting the industry demand for skilled professionals who can provide expertise and leadership.
While most sectors recorded mid-single-digit growth, slower growth in the IT, BPO and education sectors impacted the overall index. Nevertheless, several key sectors showed strong performance. The oil and gas sector recorded 14% growth over the previous year, driven by strong demand and rising investments. The banking sector recorded 12% growth, reflecting continued expansion and digital transformation efforts.
The FMCG sector recorded an impressive growth of 17% YoY, with Mumbai and Kolkata leading the way with increases of 38% and 25% respectively.This growth is indicative of rising consumer demand and the resilience of the sector despite economic challenges.
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The healthcare sector also saw strong growth of 8% year-on-year, mainly due to the rapid expansion of healthcare infrastructure and services in major cities such as Bangalore and Hyderabad. Similarly, the travel and hospitality sector also recorded growth of 8%, reflecting a recovery in travel activity and increased consumer spending on leisure and tourism.
However, the report noted a 2% decrease in new job opportunities for entry-level professionals compared to May 2023, suggesting that while demand for experienced professionals remains strong, opportunities for new graduates may be limited.
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