India, likely to add 3 million new jobs by 2023: Indian Staffing Federation (ISF)

New Jobs

The Indian tech industry is most likely to append another three million new jobs in the next five years, according to the Indian Staffing Federation (ISF), the apex body for the ‘flexi’ working industry.

New Jobs

With the inclusion of these new jobs, the size of India’s tech industry will reach seven million by 2023.

“All these new jobs would come up in digital technology areas such as artificial intelligence, machine learning, Internet of things (IoT), data science, analytics, big data, blockchain and augmented reality. Jobs would also be created in newer technology areas that are presently unknown but are expected to emerge and evolve in the next few years,” said Rituparna Chakraborty president, ISF.

 “We, at ISF, are confident of making this job projection for the next five years based on our constant interactions with a wide range of companies, including Indian tech firms, MNCs, global capability centers of hundreds of international firms, enterprises across segments including e-com, BFSI, pharma, and telecom,” she added.

The report reveals that a behavioral change is witnessed in the IT and ITes sectors. India now has around 1,300 captive units. Some 400 new captive units are likely to show up in 2019. This shift is accredited to a sharp increase in recruitments by existing and new global in-house centers (GCCs) due to technology innovation activities in India for their global markets.

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