India's job market to grow 9% in 2025, driven by IT, Retail, and BFSI sectors: Foundit

The foundit has predicted that the IT-software jobs could see the growth of 15 percent in 2025, followed by the Retail sector (12 percent), Telecommunication (11 percent), and BFSI (10 percent), respectively.

By  Storyboard18Dec 19, 2024 3:46 PM
India's job market to grow 9% in 2025, driven by IT, Retail, and BFSI sectors: Foundit
Emerging technologies and evolving business priorities will further shape India’s job market 2025. (Image source: Unsplash)

India's job market is projected to grow by 9 percent in 2025, online platform foundit (formerly Monster APAC & ME) said.

According to the job platform, IT, retail, Banking/financial services, and telecommunication will be the top contributors that will drive growth.

The foundit has predicted that the IT-software jobs could see the growth of 15 percent in 2025, followed by the Retail sector (12 percent), Telecommunication (11 percent), and BFSI (10 percent), respectively.

However, advertising and Public relations; Logistics & Transportation, Automotive, and Energy sectors are likely to see a growth of 5 percent, 4 percent, and 2 percent, respectively in 2025.

Additionally, the rise of retail media networks and AI-driven workforce analytics will reshape talent needs in e-commerce, HR, and digital services. Organizations will look for professionals skilled in digital marketing, ad management, and HR analytics.

Emerging technologies and evolving business priorities will further shape India’s job market 2025. Innovations such as edge computing, quantum applications, and cybersecurity advancements are set to transform industries like Manufacturing, Healthcare, and IT, a report by foundit predicted.

Hiring for the roles like Finance & Accounts is projected to rise by 8 percent. Whereas HR oles will rise by 8 percent.

Marketing & Communications job roles could see a growth of 3 percent, especially in areas such as social media, content strategy, and AI-driven customer engagement.

Anupama Bhimrajka, Vice President of Marketing, foundit, said: “As we enter 2025, India’s job market looks set to broaden its horizons, with a projected 9% growth in hiring. Companies are not only looking for seasoned professionals but also broadening their search beyond established hubs. We believe this approach will create a healthier, more diverse environment— allowing businesses to access new talent pools and build a workforce aligned with future needs".

Further, foundit mentioned that Bengaluru is likely to lead city-wise growth with a 10 percent projection. Demand will remain strong across tech startups, global IT firms, and digital services. On the other hand, Coimbatore could emerge as a key player with 9 percnet growth. Hyderabad’s diversified industries, particularly IT and pharmaceuticals, will fuel its 8 percent growth, foundit added.


Tags
First Published on Dec 19, 2024 3:46 PM

More from Storyboard18

How it Works

Zee fails to secure shareholder nod for promoter warrant issue, raising questions over funding strategy

Zee fails to secure shareholder nod for promoter warrant issue, raising questions over funding strategy

How it Works

Pocket FM sues Kuku FM parent Mebigo Labs over alleged show title infringement; seeks Rs 85.7 cr in damages

Pocket FM sues Kuku FM parent Mebigo Labs over alleged show title infringement; seeks Rs 85.7 cr in damages

How it Works

TCS attrition rate holds steady at 13.8% in Q1 FY26, headcount stands at 613,069

TCS attrition rate holds steady at 13.8% in Q1 FY26, headcount stands at 613,069

How it Works

India's quick commerce market to clock Rs 2 lakh crore in 3 years: CareEdge report

India's quick commerce market to clock Rs 2 lakh crore in 3 years: CareEdge report

How it Works

BCCI rejects Champak Magazine's offer to settle IPL robotic dog trademark dispute

BCCI rejects Champak Magazine's offer to settle IPL robotic dog trademark dispute

How it Works

FM Phase-III batch III e-auction sees competitive start with five intense clock rounds completed on Day 1

FM Phase-III batch III e-auction sees competitive start with five intense clock rounds completed on Day 1

How it Works

The AI-generated illusion: Employers struggle to identify real candidates

The AI-generated illusion: Employers struggle to identify real candidates

How it Works

PIB flags deepfake video of PM Modi endorsing fake Rs 1.25 lakh a day scheme - Here's how to stay safe

PIB flags deepfake video of PM Modi endorsing fake Rs 1.25 lakh a day scheme - Here's how to stay safe