Artifical Intelligence

India Risks Losing AI Hub Status as Talent Shortage Set to Exceed 1 Million by 2027

Kelvin

A Report Warns India May Face an AI Talent Gap of Over 1 Million Skilled Workers by 2027

Artificial intelligence (AI) professionals will lead India to become a worldwide leader in AI talent, yet significant skill shortages endanger this future development. Bain & Company reports that India will lack more than one million professionals to fill AI-related jobs by 2027. The growing industry's need for AI specialists proves that organizations must immediately develop training programs to eliminate the scarcity of skilled professionals.

Growing Demand for AI Professionals

The accelerated global adoption of AI systems has driven the quick development of new job opportunities requiring skilled AI professionals. The number of AI job postings in India has shown a 21% yearly increase starting from 2019, concurrently driving salary growth by 11% each year. The growing need for skilled professionals in the field has exceeded the development of qualified professionals for new positions. AI job availability and skilled talent will experience an extensive gap by 2027 because AI job openings are expected to surpass 2.3 million. The current situation is worrying because the country hopes to reach a maximum of 1.2 million professionals.

Challenges to Overcome in Talent Development

According to expert conclusions, the shortage can be solved by transforming current employees with adequate training in new skills and more advanced capabilities. Professionals from India with essential AI-related Skills need further training to reach the technical mastery required to operate advanced AI systems. Advanced technology training programs must be established immediately because emerging technology fields like machine learning and deep learning lack workforce expertise. 

The main obstacle for organizations is adjusting their present workforce for new capabilities, which incoming demands require. According to Bain & Company's partner Saikat Banerjee, India's goal to establish leadership in AI requires reskilling its existing workforce.

The Need for Immediate Action

The chance for India to fill the AI skill deficit is rapidly disappearing. Global business executives have marked the absence of AI expertise within their organizations as their primary challenge for advanced technology adoption. The shortage of AI experts will span the next seven years and create difficulties for business organizations implementing modern technologies. Organizations need to redesign their employee acquisition process through ongoing staff development and the development of native AI experts to lessen the effect of their talent deficit. India must place AI training and education at the forefront because it will determine its potential as an AI talent center of the future.