Engineering, telecom, and healthcare sectors to add 12 million jobs by 2026 in India

Mar 25, 2022 By: Vaamanaa Sethi Credit: Canva

The latest Digital Employment Trends report by TeamLease services says that...

...engineering, telecom, and healthcare sectors are estimated to create 12 million jobs by 2026. Credit: Canva

As India is moving towards digitisation, the need for technical and technological expertise...

...is expected to double the demand for specialised roles by 2026. Credit: Canva

These three sectors combinedly make up 8.7 percent of India’s total workforce, approximately.

Of the 42 million employed in the three sectors,...

...an estimated 4.6 million people are engaged in specialised roles which need high-skill and expertise. Credit: Canva

Contribution of these three sectors in India’s GDP

The engineering sector is expected to contribute 27 percent of the country’s gross domestic product (GDP) by 2025, while telecom and healthcare sectors are expected to contribute 10 percent and 2.5 percent of GDP by 2025, respectively. Credit: Canva

Overall there will be a 25-27 percent rise in job opportunities created by these three sectors together,...

...the demand for skilled talent or specialised staff will grow from the current 45,65,000 to more than 90,00,000 by 2026, says the report. Credit: Canva

Employment growth in telecom sector

The telecom sector has an estimated 4 million in employment, a number that is set to grow at a 10.6 percent compound annual growth rate (CAGR) to reach 6 million by 2026. Credit: Canva

Employment growth in engineering sector

The engineering sector employs about 30 million people and is slated to grow at a pace of 6.1 percent CAGR to reach 38 million by 2026. Credit: Canva

Employment growth in health sector

The healthcare sector is estimated to be employing nearly 7.5 million people currently and is expected to ramp up this number to 9.5 million by 2026. Credit: Canva

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