1、November 2023Research PartnerIndustry PartnerIndia Tech Industry Digital Talent Demand and Supply Analysis 2023ForewordIndia currently stands as the worlds primary sourcing hub with one of the most extensive pools of technically skilled graduates globally.The demand for IT professionals has seen con

2、sistent growth,notably in digital skills such as AI,Data Science,Cloud Computing,Information Security,and Blockchain.This surge is driven by the increasing demand for new technologies which are finding their application across industries.This focus on new technologies have pushed all stakeholders in

3、cluding governments to focus on skilling including tech focused reskilling.In 2023,the Indian government allocated a substantial budget of Rs 3,517.31 crores to enhance workforce competitiveness across industries.This funding is directed towards the establishment of 30 Skill India International Cent

4、ers,which will serve as gateways to global job opportunities and offer courses in cutting-edge fields like Industry 4.0,AI,robotics,mechatronics,IoT,and drones.The budget also caters to the National Apprenticeship Promotion Scheme,providing stipends to 47 lakh youth over the next three years.It furt

5、her supports the Pradhan Mantri Kaushal Vikas Yojana(PMKVY)4.0,which focuses on on-the-job training for short-term and industry-specific courses.In this report nasscom in partnership with Draup has conducted a comprehensive study to understand Indias tech talent landscape in various job functions,lo

6、cations,and technologies.The study shows that India has a relatively low demand-supply gap of tech talent at 25-27%,compared to other tech leaders such as the USA,China,UK,Canada,and Australia.India also boasts one of the highest annual supplies of STEM graduates,with 2.5 million graduates,and leads