India Tech Industry Digital Talent Demand and Supply 2023

The objective of this study is to assess the current and future tech industry digital talent supply, demand and gap scenario across various parameters. The model based on Draup’s Proprietary Talent Database, analyses current and future installed talent and demand, India’s talent advantage, Skilling pathways and the way forward

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Key Findings

Tech Talent – Global Overview

At 34-36% USA has the highest demand supply gap for tech talent for 2023, followed by the UK at 30-32%
India has the lowest tech talent demand supply gap at 25%-27% among global tech leaders such as the USA, UK, Canada, and Australia

Tech Industry Tech Talent- India

Tech Industry in India currently employs over 5.4 million people, with digital accounting for 36%- 38% of the industry’s workforce
Digital talent gap for the tech industry is expected to widen from the current 25% to 28-29% in 2028, an increase of 2.8X with the demand for digital talent anticipated to cross 6 million

India’s Tech Talent Strengths

In 2022-23, India had one of the world’s largest annual supplies of STEM graduates, at 2.5 million, also achieving a the globally leading female diversity ratio of 43-48%
Tier 2/3 cities contribute to around 60% of India’s recent graduates from engineering, arts, and science colleges

WAY FORWARD

Shift to ‘Skill Based Organizations’ with companies leveraging a common skills framework for career progression and employee retention
Employers to focus on adopting new talent-sourcing methods to close the digital demand-supply gap

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