The demand-supply gap in Tech talent is a global phenomenon; India has a demand-supply gap of 21.1% (as a percentage of supply)- the lowest among top tech locations such as the USA, China, UK
INDIA’S TECH INDUSTRY TECH TALENT POOL
India Tech Industry Tech talent pool stands at 3.8M in FY2021, representing over 80% of the 4.7M Tech Industry employee base in India
Who is India’s tech talent?
Digital talent - Consists of the talent employed in all 10 technologies that are defined under the “FutureSkills” subsector. Essentially, this consists of AI & Big Data Analytics, IoT, Cloud Computing, Cyber Security, RPA, Blockchain, AR/VR, and 3D Printing) as well as professionals employed in Web and Mobile Development technologies
Core Tech Talent- Consists of the tech talent employed in traditional/core tech (outside the Digital Talent Pool) which includes Network & Systems, IT Infrastructure, IT Support, Database, Test/QA, Legacy Software Development
Non-Tech Talent - Consists of non-tech talent employed in the technology sector in India which includes areas like Sales & Marketing, HR, Admin, etc.
Tech Industry Employee base- Consists of total talent employed in the technology sector in India which includes tech & non-tech employees. This includes companies in the IT Services, BPM, Engineering R&D, GCCs, and Software Products sectors
INDIA’S ADVANTAGE
With 2.14 M Annual STEM Graduate Supply, India is ranked 2nd Globally next only to China
Indian firms are increasingly focusing on L&D initiatives; L&D makes professionals more confident about growth in L&D investments in India
THE WAY FORWARD
India is continuously reskilling its core tech workforce, however, the pace has to increase to bridge the digital skill gap. 65-70% of digital talent gained by India in FY2021 was through reskilling
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