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  • Writer's pictureGargi Parkhe

Addressing the Demand-Supply Gap

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?

  1. 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

  2. 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

  3. Non-Tech Talent - Consists of non-tech talent employed in the technology sector in India which includes areas like Sales & Marketing, HR, Admin, etc.

  4. 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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