With the technology sector growing at a rapid pace, India is emerging as a global hub for innovation and digital expertise. Therefore, it is important to understand the equation between talent demand, skill preferences, and remuneration. Today, we will know about it in detail and also find out which field commands a good salary now.
What does the report say?
TeamLease Digital has published a report titled Digital Skills and Salary Primer for FY2025, which has provided insights into the matter. The report shows that India’s tech market size was $254 billion for FY2024, and is estimated to reach $350 billion by 2025. India, which plays a vital role in efficiency and innovation, currently has over 1,600 GCCs and employs over 1.66 million professionals.
According to the report, India will welcome 800 new GCCs in the next five to six years, highlighting the country’s growing role as a global technology hub. Interestingly, there is a growing trend to set up GCCs in second-tier cities like Kolkata, Ahmedabad and Vadodara.
read this too
Cloud investment to increase by 30%
Cloud investment in IT products and services is set to increase by 25-30% over the next five years. IT products and services are estimated to account for 8% of India’s GDP by 2026 and create 14 million jobs in India through the adoption of cloud solutions, highlighting the potential for economic impact of this sector. While PrismaCloud, Salesforce, ITSM, PowerBI, and Oracle skills are seeing strong demand, the report speaks of a decline in demand for Sketch, UI Path, Splunk, and Automation Anywhere.
Will the salary be that much?
The technical talent pool in this non-tech sector is expected to expand at a CAGR of 7.86% from 7.65 lakh in FY20 to 11.15 lakh in FY27. This highlights the increasing integration of technology across various traditional industries. The report also provides detailed insights into in-demand skills and related salary brackets. The job duties of an AI/ML engineer in GCC are approx.
The starting salary is Rs 8.2 lakh per annum, which can go up to Rs 43 lakh per annum at the senior level with 8+ years of experience. In the IT products and services sector, a Big Data developer can earn an approximate salary of Rs 9.7 lakh per annum at the entry levels and Rs 20.7 lakh per annum at the senior levels. Considering technical tasks in non-technical areas, the starting salary for the SAP ABAAP consultant position is around Rs 7.2 lakh per annum, which can go up to Rs 31 lakh per annum with 8+ years of experience. Other in-demand roles include DevOps engineers, IoT engineers, information security analysts, and automation engineers, with each having a competitive salary based on experience and expertise.
