Siddharth Manjrekar’s Post

Job Market Outlook ●Growing Job Roles: The fastest-growing job roles in India are projected to be Big Data Specialists, AI and Machine Learning Specialists, and Security Management Specialists1. ●AI and Machine Learning: India is projected to have a high net growth in AI and Machine Learning Specialists roles2. ●Job Churn: India is projected to have a 24% labour-market churn3. ●Net Growth: The net growth of jobs in India is expected to be 19%4. Skills Landscape ●Core Skills: Analytical thinking, leadership and social influence, and technological literacy are considered core skills in India56. ●Skills on the Rise: AI and big data, technological literacy, networks and cybersecurity, and resilience, flexibility and agility are skills expected to increase in use by 203078. ●Training: ○37% of employers believe their workforce would not need training by 20308. ○29% of employers believe their workforce would be upskilled in their current role9. ○22% of employers believe their workforce would be upskilled and redeployed9. ○12% of employers believe their workforce would be unlikely to upskill9. Workforce Strategies ●Addressing Talent Needs: Companies in India are looking to tap into diverse talent pools and adopting skills-based hiring by removing degree requirements to address talent needs1. ●Upskilling: Upskilling the workforce is a key strategy10. ●Diversity and Inclusion: Tapping into diverse talent pools is considered an effective approach to increasing talent availability111. ●Corporate Sponsorship: Corporate sponsorship plays a significant role in boosting Generative AI (GenAI) training uptake12. ●Skills-Based Hiring: India is adopting skills-based hiring by removing degree requirements, with 30% of employers expecting to do so, compared to 19% globally1. Challenges ●Skills Gaps: Skills gaps in the labor market are a barrier to transformation for Indian companies14. ●Talent Availability: ○38% of employers expect talent availability to improve, while 9% expect it to worsen1015. ○3% of employers expect their existing workforce will undergo talent development, while 74% expect it to worsen15. ○24% of employers expect talent retention to improve, while 44% expect it to worsen

78 Million New Jobs by 2030? But Here’s the Problem No One’s Talking About!🧐 The World Economic Forum’s 2025 report predicts 78 million new jobs by 2030. But there’s a huge catch. - While new opportunities are emerging, millions of jobs will also disappear. 92 million roles will be displaced due to technology and automation. The real challenge is bridging the growing skills gap before it’s too late! Technology, AI, and data science are where the majority of new jobs lie. But essential roles like delivery drivers and educators will also see growth. Meanwhile, roles like cashiers and administrative assistants are being wiped out. AI is reshaping industries faster than we can adapt to it. - 40% of skills will need to evolve by 2030, yet most aren’t prepared. - 63% of employers already cite the skills gap as a significant barrier. - By 2030, 59% of workers will require reskilling, but many won’t receive it. As AI continues to take over, 41% of employers plan workforce reductions. ♻️ The clock’s ticking. Are you ready for the future of work? Share your thoughts and repost this with your network! This isn’t just about jobs - it’s about reinventing the future of work as we know it. #jobs #hiring #futureofwork #AI #technology #skills #founders #entrepreneurs #startups #worldeconomicforum #linkedinnews LinkedIn News LinkedIn News India

*2025 Forecast: What’s Next for India’s IT Services Sector?* India’s IT services sector is set to grow significantly in 2025, driven by increased technology spending and the rise of artificial intelligence. After a period of uncertainty, 2024 showed signs of recovery, with many IT firms reporting strong earnings growth. Here’s what we can expect in 2025: AI Boost: More businesses are adopting AI, leading to more opportunities and deals in the IT sector. Hiring Surge: IT companies are set to hire more talent as demand for services increases. Rising Exports: India’s IT exports are expected to hit $210 billion in the 2024-25 financial year. Increased Spending: IT spending in India is projected to grow by 11.2%, reaching nearly $160 billion in 2025. As the demand for digital services grows, India’s IT sector is ready for a big year ahead! For more details, visit : https://lnkd.in/g5vftnND #IndiaIT #TechGrowth #AI #ITServices #2025Forecast #Innovation #CareerOpportunities #AppinTechnology

https://lnkd.in/g7h8zqKX As AI continues to advance, it brings with it the potential to worsen India’s employment crisis by automating roles traditionally filled by skilled workers. This is not only limited to blue-collar jobs but increasingly impacts white-collar professions as well. In healthcare, for instance, AI has the capability to digest millions of medical articles to provide diagnostic recommendations or prescribe treatments, a feat that no doctor could achieve in their lifetime. This level of proficiency raises questions about the future employability of many skilled professionals.

🌐 Rising Unemployment while Indian economy is growing 🇮🇳 This is what we refer to as job loss growth, or growth propelled by efficiency improvements and cost restructuring rather than topline improvements. As AI and automation drive massive changes across industries, economies globally—and particularly in India—are facing a paradox: economic growth is surging, but so is unemployment. This disconnect is challenging traditional beliefs about growth, jobs, and stability. 1️⃣ The AI Impact: Global and Indian Contexts 🌎 AI and automation are reshaping sectors from manufacturing and finance to customer service and retail. According to McKinsey, 375 million jobs could be automated by 2030. In India, the world's IT hub, we’re already seeing shifts. In 2023, over 300,000 jobs were impacted by AI and process automation, especially in sectors like IT and BPO. Despite India’s strong 6-7% GDP growth, this transformation is leaving many workers behind. A recent CMIE report found India’s unemployment rate rose to over 8% in 2023—a sign that economic growth is no longer directly tied to job creation. 2️⃣ Why Economic Growth Isn’t Creating Jobs 🤔 Although the economy is growing, jobs are changing in fundamental ways: Automation of Low-Skill Tasks: Jobs that involve routine, repetitive tasks are increasingly automated. Shift to Specialized Skills: Growth in AI, data science, and robotics demands new skills, leaving traditionally skilled workers at risk. Demand for Flexibility: More employers are favoring contract and freelance roles over stable, full-time employment. 3️⃣ Solutions for Building a Career in the New Economy 🌱 Facing these realities requires us to pivot and adapt. Here’s how: Upskill in Emerging Technologies: The WEF predicts 50% of employees will need reskilling by 2025. Fields like AI, machine learning, data science, and cybersecurity offer paths to high-demand roles. Focus on Uniquely Human Skills: Creativity, emotional intelligence, and critical thinking are areas where humans excel. Roles in strategy, people management, and complex problem-solving will remain critical. Embrace the Gig Economy: Freelance and contract roles are growing. Platforms like Upwork and Fiverr provide opportunities for skilled professionals who can adapt to flexible roles. Lifelong Learning as a Must: As technology evolves, continuously updating skills is essential. MOOCs, certifications, or advanced degrees help keep skills relevant. 4️⃣ A Call to Action 💼 Navigating career growth in the era of AI requires a shift in mindset, resilience, and a proactive approach to skill-building. While AI will reshape jobs, with the right approach, we can ensure that it creates new opportunities instead of just replacing existing ones. 💬 How are you preparing to AI-proof your career? Share your thoughts and strategies in the comments! #FutureOfWork #AI #Automation #Upskilling #EconomicGrowth #GenAI #RPA

🔍 #AI & #Jobs: India’s Economic Survey #CallsforAction 🚀 The Economic Survey 2024-25 has put the spotlight on AI’s impact on jobs, urging strong institution-building to navigate the challenges of automation in India's labour-intensive economy. ⚠️ Key takeaways: ✅ AI could displace jobs, but proactive policies can mitigate economic disparity. ✅ India needs to create 7.85 million non-farm jobs annually by 2030. ✅ AI should augment, not replace workers—especially in low-skill jobs. ✅ Collaboration between government, private sector, and academia is crucial for inclusive AI-driven growth. AI isn’t just about disruption—it’s about redefining work and productivity. The window of opportunity is now! India must leverage AI responsibly to upskill workers and drive sustainable economic growth. 💡 How do you see AI shaping the future of work? Let's discuss! 👇 #ArtificialIntelligence #Jobs #EconomicSurvey #FutureOfWork #AIImpact

India's IT ecosystem is on a robust growth trajectory, with emerging technologies expected to drive a 20% increase in new jobs in 2025. Generative AI alone is projected to create one million new jobs by 2028, significantly boosting GDP, while salaries in this domain are anticipated to rise by 25-30% for mid-level positions. #IndiaJobs #GenerativeAI https://bit.ly/3W6JSQm

🌟 The Future of Hiring: Skills Over Degrees 🌟 The hiring landscape in India is undergoing a transformative shift! According to the World Economic Forum's Jobs Report 2025, 30% of Indian employers are moving towards skills-based hiring, dropping traditional degree requirements. This figure significantly surpasses the global average of 19%, signaling India’s commitment to evolving workforce dynamics. The driving force behind this trend? The rapid adoption of emerging technologies like AI, robotics, and big data, which demand specialized skills over formal academic qualifications. As roles become increasingly technology-driven, employers are prioritizing practical expertise and problem-solving abilities over credentials. 🎯 What does this mean for professionals and organizations? ✅ For job seekers: It’s time to invest in skills that matter. Continuous learning and upskilling are no longer optional but essential. ✅ For employers: Diversifying talent pools by focusing on skills fosters innovation and adaptability, both crucial in today’s fast-paced environment. This paradigm shift highlights a broader question: Are we ready to embrace a world where skills take precedence over degrees? Let’s discuss how this evolution is impacting career growth and hiring strategies. https://lnkd.in/dWUe62rk #SkillsOverDegrees #FutureOfWork #Upskilling #HiringTrends

Increased digital access, geopolitical tensions, and climate-mitigation efforts are set to significantly impact India's job market by 2030, according to the World Economic Forum's Future of Jobs Report 2025. Companies are heavily investing in AI, robotics, autonomous systems, and energy technologies. Notably, 35 percent of employers expect semiconductors and computing technologies to transform operations, while 21 percent foresee significant changes from quantum and encryption technologies. Key roles anticipated to grow rapidly include Big Data specialists, AI and machine learning experts, and security management specialists. To address talent shortages, 67 percent of Indian companies are seeking diverse talent pools, surpassing the global average of 47 percent. There is also a noticeable shift toward skill-based hiring, with 30 percent of employers planning to eliminate degree requirements, compared to 19 percent globally. Demand for AI skills has surged, with India and the U.S. leading in enrollment; however, the drivers of demand differ, as corporate sponsorship greatly boosts GenAI training uptake in India. Demographic changes are further shaping the labor market. Higher-income economies are facing an aging working-age population due to declining birth rates and increased life expectancy, resulting in higher dependency ratios. In contrast, lower-income economies like India are witnessing a rise in their working-age population, potentially yielding a demographic dividend. By 2050, lower-income countries are expected to account for 59 percent of the global working-age population, with regions such as India and sub-Saharan Africa contributing nearly two-thirds of new workforce entrants. #AI #India https://lnkd.in/gK95aXQY