According to the latest report by TeamLease Digital, “Digital Skills & Salary Primer FY 2025,” Global Capability Centers (GCCs) are paying up to 20 per cent more than IT services companies. Within computing roles, the gender pay gap sees 10–17 per cent disparities, with some positions reaching 22–30 per cent variations, notwithstanding the fast rise of the industry.
Having invested more than $9 billion in emerging technologies such as blockchain, artificial intelligence (AI), and machine learning in 2023, the sector is expected to reach $350 billion in revenues by 2025. This growth creates large opportunities for skilled workers (who are also underscored by the critical need to close the wage gap between both genders and advocate for equity at work).
While the Indian tech industry is expanding at an unprecedented rate, Neeti Sharma, CEO of TeamLease Digital, said it’s critical to guarantee a just and equitable workplace for everyone. One of the most important steps in building a more diverse and inclusive industry is addressing the gender pay gap.
Key findings from the report include:
- Only 2.5 per cent of engineers in India possess AI skills, and just 5.5 per cent have basic programming abilities.
- 86 per cent of Indian businesses are reskilling their IT workers.
- IT Products & Services are expected to account for 8 per cent of India’s GDP by 2026 and create 14 million jobs.
- Cloud investments are projected to grow by 25-30 per cent in the next five years.
- Over 70 per cent of companies in sectors like Telecom, BFSI, Media and Entertainment, and Energy are dedicating more than 20 per cent of their tech budgets to digital advancements.
- The tech talent pool in non-tech sectors is expected to grow at a CAGR of 7.86 per cent, reaching 11.15 lakhs by FY27.
Neeti added that looking into 2025-2030, they look forward to the advent of advanced AI, ethical AI and automation and the integration of AI in bioinformatics alongside sustainable tech, green software engineering. The adoption of GenAI solutions will further drive the market with the infusion of cybersecurity as privacy and data protection are hotly-discussed topics. By bringing together cyber-physical systems they shall also meet a need for i.e., ensuring demand for digital twins — separate AGI, HCI & human-machine interface space technology experts developments.
