The engineering, telecom, and healthcare sectors are on the verge of an Industry 4.0 transformation and will generate at least 12 million new jobs by the Financial Year 2026. There is a shift from a central industrial control system to one where smart products and processes are at the heart of operations. Considering the fact that the focus is largely on digitisation in these domains, they are recovering from the after-effects of COVID along with new technological advancements. As a result of foreign direct investment and the production-linked incentive system, demand for specialised talents in these areas is also increasing. So much so that the demand for specialised talent is expected to nearly treble in the next four years, to an estimated nine million. The survey goes on to say that between 2022 and 2026, Chennai and Bengaluru will be among the top metros for recruiting.
Currently, the three industries account for around 8.7 percent of the workforce in India. Firms are also looking into the gig economy, which involves hiring short-term employees who work for one or more employers at the same time. One of the reports named ‘Professional Staffing – – Digital Employment Trends Report’ by Team Lease Digital; the staffing division of Team Lease Services has reported that the engineering, telecom, and healthcare sectors are likely to add close to 12 million new jobs by Financial Year 26. This report is based on qualitative research developed with the involvement of more than 750 employers across the world. A few Ahmedabad-based individuals who have gained expertise in their respective fields had a similar approach when questioned about the job opportunities.
Axay Dave, Director of Axay Electricals Ltd. was prompt in proving this point and said, “Yes, the jobs are indeed rising and will continue to rise in years to come but after 5G installations in the country, it will rise at a higher rate. The upgrade in the technology will need skilled officials and the job opportunities in this field will be on the rise sooner. If we take other fields into consideration then jobs are surely are on the rise as many developments have been made in these fields.”
Shefali Bhatt, the Hospital Administrator in a multi-specialty hospital in the city, is of the view that the trend is fluctuating a lot after the pandemic but employment is indeed rising. “The current upgrades in the infrastructure are the only reason that many job opportunities are on the rise in the country. After COVID, at least five to six multi-specialty hospitals have been developed in the city itself which eventually will lead to a higher rate of job offerings. The rise and upgrade in the technology and infrastructure after COVID will help in shooting up the job opportunities.”
Similarly, the trends in engineering show a rise in employment opportunities. This field demands so much up-gradation that it will never fall short of giving job opportunities to skilled individuals. The report also marks that telecom, engineering, and healthcare together comprise approximately USD 1.5 trillion in market size by conservative estimates. Together, these fields employ about 42 million people which reaches up to approximately 8.7 percent of India’s entire workforce and are estimated to create 12 million more jobs by 2026.
