Skills that are experiencing increasing demand include PyTorch, AWS, DevOps, NLP, Kubernetes, Hyperledger Fabric, Blockchain, Tableau, SQL and ServiceNow, according to TeamLease Digital’s ‘Digital Skills and Salary Primer for FY 2025’ report.
In FY2024, India’s tech market size stood at $254 billion, growing at 3.8% year-on-year and employing 5.6 million people in the sector, according to the report, which is based on a survey that analysed primary data of 15,000 jobs across GCC countries, IT services and non-tech sectors. This was complemented by market research covering 10 critical sectors, including banking, financial services and insurance (BFSI), automotive and IT products.
Between 2020 and 2024, India saw advancements in artificial intelligence (AI), machine learning (ML), blockchain, Internet of Things (IoT), robotic process automation (RPA), edge computing, and quantum computing with essential tools like Python, R, TensorFlow, and PyTorch.
In response to the growing Technological skills gap, 86% of Indian companies are actively training their IT workers, according to the report.
The Indian tech industry is projected to reach $350 billion by 2025, with significant investments in AI, ML, and blockchain. The country has over 1,600 GCCs, employing over 1.66 million professionals. According to the report, India is set to welcome 800 new GCCs in the next 5-6 years, highlighting the country’s growing importance as a global tech hub. In IT products and services, cloud investment is projected to grow by 25-30% in the next five years, the report said, stating that IT products and services are expected to account for 8% of India’s GDP by 2026 and create 14 million jobs through the adoption of cloud solutions. While PrismaCloud, Salesforce, ITSM, PowerBI and Oracle skills are seeing strong uptake, the report identifies declining demand for Sketch, UI Path, Splunk and Automation Anywhere.
In the GCC countries, according to the report, AI/ML Engineer The job roles have an approximate starting salary of Rs 8.2 lakh per annum which can go up to Rs 43 lakh at senior levels with more than eight years of experience.
In the IT products and services sector, a big data developer can command a salary of nearly Rs 9.7 lakh per annum at entry-levels and Rs 20.7 lakh at senior levels. If technology roles in non-tech sectors are considered, the SAP ABAP consultant position has a starting salary of nearly Rs 7.2 lakh per annum, which can go up to Rs 31 lakh per annum with more than eight years of experience. Other in-demand roles include DevOps engineer, IoT engineer, information security analyst, and automation engineer.
“As we move into the future, the Indian tech sector is poised for exponential growth, driven by the quest for innovation and strategic investments in cutting-edge technologies,” said Neeti Sharma, CEO, TeamLease Digital. “The Indian tech industry is on track to reach $350 billion in revenue by 2025, with significant investments in AI, machine learning, and blockchain totaling over $9 billion in 2023 alone. This surge is driven by the rise in remote working and digital strategies, which have accelerated the adoption of cloud computing and are expected to propel the cloud market to grow at a CAGR of 22% over the next five years.”
Sharma said, “Emerging technologies like 5G and IoT will further redefine India’s technology landscape, ensuring the nation remains at the forefront of global technological advancements.”
The metropolitan cities of Bengaluru, Gurgaon, Hyderabad, Delhi, Mumbai and Chennai offer the highest salaries for tech jobs, while Jaipur, Indore and Coimbatore are the upcoming hubs that are currently in an evolutionary phase as they are projected to be data and GCC hubs.
Entry-level data engineering roles are seeing a robust 12.07% year-over-year salary increase between FY24 and FY25, the report said, noting that mid-level product management professionals are seeing a substantial 10.2% increase in compensation, while senior roles in data science and DevOps are seeing nearly 11% growth in salary over the same period.
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