Is India the next Big hub for growing Global Tech Skill Demand

India – a 2nd largest talent pool for AI/ML and BDA globally.

• India has emerged as world’s primary sourcing destination for technical talents and has largest qualified pool of technical graduates.
• As per a NASSCOM study, India would need more than a million data science and AI professionals by 2026.
• “Future Skills Prime” is a partnership between MeitY and NASSCOM that is focused on reskill/upskill ~2Mn professionals in the area emerging technologies.
• There are currently ~416K AI/ML BDA tech talent in India.
• India has a supply of 2.2Mn STEM graduates annually, one of the largest in the world.
• India stands 1st in AI skill penetration with an overall score of 3.09 out of 5.
• Growing digitization has also led to multiplication of cloud professionals in the country.
• 33% of India’s data science and AI developer professionals are in the age group of 18 to 21.
• On the flip side, India has a shortage of nearly 1.5 million cyber security professionals.
• 3-11 lac is the investment needed in India for training individuals in cybersecurity.

The growing digitalization is creating huge demand for technology professionals in India. As the AI and data analytics startups continue to thrive, there will be further demand for tech talent. With initiatives like Skill India Mission and government-corporate partnerships, the skill gap challenges, especially in areas like cybersecurity can be addressed and this can make India, a global hub for tech talent.