India’s job market likely to grow at 9% in 2025, emerging technologies to shape hiring needs: Report

2 min read | Updated on December 19, 2024, 20:41 IST

SUMMARY

India is projected to see a 9% growth in hiring activities in 2025, driven by retail, telecommunications, banking, BFSI and IT sectors. Emerging technologies like AI, digital marketing, edge computing and quantum applications will reshape hiring needs.

In 2024, India saw a 10% growth in hiring and a 3% sequential growth in November

India is expected to witness a 9% growth in hiring activities in 2025, maintaining its 2024 momentum, according to a report.

The report, based on data from foundit, highlighted that the projected 9% hiring growth in the country will be driven by retail, telecommunication, banking, IT and insurance (BFSI) industries.

In 2024, India saw a 10% growth in hiring and a 3% sequential growth in November. The 2025 forecast is indicative of a predictable hiring environment, the report observed.

Emerging technologies re-shaping hiring needs

The 2025 job market is likely to be further shaped by emerging technologies and evolving business priorities.

The report further stated that talent needs in e-commerce, HR and digital services will be reshaped due to the rise in AI-driven workforce analytics and the rise of retail media networks. Additionally, organisations will look for professionals skilled in digital marketing, ad management and HR analytics.

Furthermore, innovations such as edge computing, quantum applications, and cybersecurity advancements are set to transform industries like manufacturing, healthcare, and IT.

The report is based on an analysis of data on foundit insights tracker from January 2023 to November 2024.

"As we enter 2025, India's job market looks set to broaden its horizons, with a projected 9% growth in hiring. Companies are not only looking for seasoned professionals but also broadening their search beyond established hubs," the Vice President of Marketing at foundit commented.

Robust 2024 hiring growth

India's job market saw robust growth in 2024, across sectors and cities in contrast to 2023, despite seasonal disparities.

Key industries such as manufacturing (30% hiring growth), consumer electronics (29%), and real estate (21%) drove momentum, supported by rising industrial activity, digital adoption and urbanisation.

Meanwhile, cities like Coimbatore (27%) and Jaipur (22%) helmed regional growth, reflecting the diversification of hiring across geographies.

With PTI inputs

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