India’s AI Sector Could Surpass 2.3 Million Job Openings by 2027, Says Bain and Company

India’s artificial intelligence (AI) sector could surpass 2.3 million job openings by 2027 while the AI talent pool is expected to grow to around 1.2 million, presenting an opportunity to reskill more than 1 million workers, according to a report published by Bain & Company on March 4.

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Also Read: Bain & Company Expands OpenAI Partnership to Accelerate AI Solutions Delivery

Global AI Talent Shortage

Globally, AI-related job postings have surged by 21 percent annually since 2019, with compensation increasing by 11 percent annually over the same period. However, the number of qualified candidates has not kept pace, creating a widening talent gap that is slowing AI adoption, according to new research from Bain & Company. In India, reskilling and upskilling existing talent will be key to meeting the growing demand.

“AI is at the forefront of corporate transformation, but without the right talent, businesses will struggle to move from ambition to implementation,” said Sarah Elk, Americas head of AI, Insights, and Solutions at Bain & Company. “Executives see the growing AI talent gap as a major roadblock to innovation, limiting businesses’ ability to scale and compete in an AI-driven world. Companies navigating this increasingly competitive hiring landscape need to take action now, upskilling existing teams, expanding hiring strategies, and rethinking ways to attract and retain AI talent.”

India’s AI Job Market

“India has a unique opportunity to position itself as a global AI talent hub. However, by 2027, the job openings in AI are expected to be 1.5-2x of the talent availability. The challenge—and opportunity—lies in reskilling and upskilling a significant portion of the existing talent base on emerging technology tools and skillsets,” said Saikat Banerjee, Partner and leader in Bain & Company’s AI, Insights, and Solutions practice in India, according to IANS report.