AI Jobs Landscape in India 2024

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AI Job Landscape in India

2024

August 2024

The report "AI Job Landscape in India 2024" provides a

comprehensive overview of open positions for AI and Analytics

professionals across the country. It details the distribution of

these job openings by sector, years of experience, company type,

major cities, salary ranges, educational qualifications, job types,

and work models, highlighting key trends and insights in the

Indian AI job market.

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report. Reasonable efforts have been

made to source and present data that is

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text from this publication may not be

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Analytics India Magazine. The information

contained in this publication has been

obtained from sources believed to be

reliable. AIM disclaims all warranties as to

the accuracy, completeness, or adequacy

of such information and shall have no

liability for errors, omissions, or

inadequacies in such information. This

publication consists of the opinions of

AIM and should not be construed as

statements of fact. The opinions

expressed herein are subject to change

without notice.

This report provides a comprehensive analysis of the AI job

market in India, offering a detailed examination of key trends and

patterns in job openings, including roles related to AI and

Analytics.

By delving into various aspects of the AI job market, the report

aims to inform and guide job seekers, employers, and

policymakers. Through an in-depth exploration of sectoral

distributions, jobs available across years of experience,

geographical concentrations, and other critical factors, this

report serves as an essential resource for understanding the

current state and future prospects of AI job opportunities in

India.

INTRODUCTION

SCOPE OF THE REPORT

Artificial Intelligence (AI) is revolutionizing industries across the

globe, driving innovation and creating new opportunities in ways

previously unimaginable. In today's era, the demand for AI

professionals has surged dramatically as organizations strive to

leverage AI technologies to enhance efficiency, gain

competitive advantages, and foster growth. The significance of

AI jobs cannot be overstated, as these roles are critical in

developing and implementing AI solutions that shape the future

of various sectors.

RESEARCH

AI Jobs Landscape in India 2024

Secondary Data: Extensive review and analysis of existing

literature, industry reports, job portals, and official statistics

were conducted to gather comprehensive data on AI job trends,

salary distributions, and geographical concentrations.

Quantitative Analysis: Statistical tools and techniques were

employed to analyze numerical data, focusing on trends in job

openings, salary distributions, and geographical concentrations.

Qualitative Analysis: Content analysis was performed on

qualitative data to identify key themes and insights related to the

AI job market.

Comparative Analysis:

Sector-wise comparisons were made to highlight differences

and similarities in AI job opportunities across various industries,

including IT/ITeS and Non-IT sectors.

Role-wise and experience-wise distributions were examined to

understand the demand for different types of AI professionals.

Validation:

To ensure the accuracy and reliability of the data, a rigorous

validation process was implemented. This involved cross-

referencing findings from different sources and conducting a

series of quality checks. Feedback from industry experts was

also sought to validate the findings.

METHODOLOGY

Data Collection:

Data Analysis:

The methodology for this report involves a multi-faceted

approach to ensure a thorough and accurate analysis of the AI

job market in India. The following steps were undertaken:

RESEARCH

AI Jobs Landscape in India 2024

Key Highlights

TABLE OF CONTENT

Job Market Dynamics for AI Professionals:

A Yearly Analysis of AI Job Openings in India (Dec 2022 - June 2024)

2. AI Job Market Segmentation

Distribution of AI Jobs in India by Years of Experience in 2024

Sector-Wise Distribution: Open AI Jobs in India 2024 - IT/ITeS vs Non-IT

Distribution of Open AI Jobs by Years of Experience Across Non-IT Sectors

3. AI Job Market Insights: Company Types and Urban Distribution

Distribution of AI Jobs Across Company Types

Top 25 Companies With AI Job Openings in India as of July 2024

AI Job Market in India 2024: Role-Wise Distribution:

AI Job Distribution Across Major Indian Cities in 2024

Breakdown of Open Jobs Across Salary Ranges

Qualification-Wise AI Job Distribution in India 2024

4. AI Job Openings Across Different Employment Types

AI Job Types in India 2024: Percentage Breakdown

AI Job Market 2024: Breakdown by Work Model in India

RESEARCH

AI Jobs Landscape in India 2024

RESEARCH

KEY HIGHLIGHTS OF

THE REPORT:

AI Jobs Landscape in India 2024

In 2024, AI job openings are predominantly for professionals with 2-

5 years of experience 34% and 5-7 years of experience 25%,

indicating a strong demand for mid-level expertise, while entry-level

and highly experienced roles were less common.

In 2024, 44% of AI job openings favors graduates with a technical

background, followed by 21% for non-technical graduates.

In 2024, 63% of AI job openings are in foreign multinational

corporations, significantly outpacing other company types.

44%

The AI job market experienced significant fluctuations between

December 2022 and June 2024, with a notable peak in

September 2023 at ~72,000 open jobs and a low in June 2024

with ~66000 open jobs for AI professionals, reflecting both

periods of growth and contraction.

63%

~66000 jobs

as of June

2024

The majority of open AI jobs fell within the salary brackets of 6-10

LPA 33% and 3-6 LPA 25%. Higher salary brackets saw

significantly fewer opportunities, with only 1% of jobs offering

between 50-75 LPA and none exceeding 75 LPA, indicating a

concentration of AI roles in the mid-range salary levels.

34%

Job Market Dynamics for AI

Professionals

This section explores the dynamics of the AI job market between December

2022 and June 2024. It captures the significant changes in job openings,

from initial declines to subsequent recoveries and stability. The insights

gained from this period offer a valuable perspective on the market's

responsiveness to economic and sector-specific shifts.

A YEARLY ANALYSIS OF AI JOB OPENINGS

IN INDIA (DEC 2022 - JUNE 2024)

Dec-22

Jan-23

Feb-23

Mar-23

Apr-23

May-23

Jun-23

Jul-23

Aug-23

Sep-23

Oct-23

Nov-23

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Jun-24

20000

40000

60000

80000

The job data from late 2022 to mid-2024 reveals a dynamic market for open jobs for AI

professionals with notable fluctuations. Initially, job numbers declined through early 2023,

reaching a low point. However, a significant recovery began in mid-2023, with jobs peaking in the

fall. After this peak, a moderate decrease occurred, followed by a slight resurgence at the end of

2023. The first half of 2024 showed another downward trend, hitting a new low in the spring.

This overall pattern suggests periods of both growth and contraction, reflecting seasonal effects,

economic shifts, and policy impacts affecting job availability.

Number of open jobs

Months (Dec 22 till June-24)

RESEARCH

AI Jobs Landscape in India 2024

RESEARCH

July 2023 to January 2024:

From July 2023 to January 2024, the AI job

market experienced notable growth and then

a stabilization phase. The market saw a peak

in September 2023, indicating a high

demand period. After this peak, the number of

jobs slightly decreased in October 2023 and

further down in December 2023. The market

then saw a more pronounced drop in January

2024, reflecting a end-of-year hiring

slowdown and economic adjustments post-

peak hiring period.

February 2024 to June 2024

February 2024 to June 2024:

The first half of 2024 showed a continuous

decline in AI job openings. The market

consistently shrank, hitting the lowest point in

April 2024. This downward trend slightly

reversed in May 2024 and further improved in

June 2024. Despite this slight recovery, the

overall trend suggests ongoing challenges in

the job market during this period, due to

slowdowns hiring activities.

December 2023 to June 2023

JOB TRENDS 2024: A CLOSER LOOK TOWARDS

THE TRENDS

December 2022 to June 2023:

During this period, the job market for AI

professionals showed significant

fluctuations. There was a steady decline

reaching a low point in April 2023. However,

the market rebounded sharply in May 2023

and peaked in June 2023. This pattern

suggests an initial slowdown, due to

seasonal factors and economic adjustments,

followed by a strong recovery towards mid-

2023.

July 2023 to January 2024

AI Jobs Landscape in India 2024

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