Mumbai Leads in Non-Tech Sectors Hiring Tech Talent, Sees 17% Rise in Tech Roles

Sandip Raj Gupta

    10/Dec/2024

  • Mumbai saw a 17% rise in tech recruitment in October FY24, leading the trend among non-tech sectors.
  • Sectors like BFSI, oil and gas, and retail showed strong growth in tech roles, reflecting increased demand for technological expertise.
  • The rise in tech recruitment presents an opportunity for companies to invest in upskilling and reskilling their workforce.
  • Mumbai has emerged as the top region in India for non-tech sectors hiring tech talent, according to a report by Naukri.com. The city experienced a 17% increase in tech recruitment in October FY24, highlighting the growing integration of technology into industries traditionally less reliant on it. The demand for tech professionals is rising rapidly across sectors, as organizations embrace digital transformation to stay competitive.

    Regional Tech Recruitment Trends:

    Following Mumbai, Delhi/NCR saw a 12% increase in tech hiring, while Chennai registered a 9% growth. Hyderabad and Bangalore followed with 8% and 5% increases, respectively. This reflects a national trend where non-tech industries are increasingly seeking technology talent to modernize their operations.

    Sector-wise Growth:

    • The oil and gas sector experienced a significant 25% rise in engineering roles in October FY24, reflecting a double-digit growth in the adoption of technology, especially in engineering and automation.
    • The Banking, Financial Services, and Insurance (BFSI) sector also witnessed robust growth, with a 12% increase in tech roles. The retail sector showed an even stronger 18% increase, emphasizing the growing need for digital solutions in consumer-facing industries.

    Tech Talent in Traditional Sectors:

    Some traditionally slow-to-adopt industries also reported growing demand for tech professionals:

    • The auto and auto ancillary sector, typically slower in embracing digital advancements, saw an 8% increase in tech roles in Q2 FY24.
    • The medical and healthcare industries experienced a 10% rise in engineering positions, reflecting the sector's shift towards tech-enabled solutions such as digital health records, telemedicine, and healthcare automation.

    The Transformative Shift:

    This trend signals a transformative shift in the employment dynamics of non-tech sectors. Industries across the board are realizing the importance of technology in enhancing efficiency, improving customer experiences, and driving innovation. As a result, there is a surge in demand for tech talent—from software developers and data scientists to engineers skilled in automation and machine learning.

    Opportunity for Workforce Upskilling:

    The growing demand for tech professionals across industries presents a significant opportunity for companies to revise their hiring strategies. To meet this demand, many businesses are investing in upskilling and reskilling programs to equip their existing workforce with the technological expertise required to drive digital transformation. This focus on upskilling is becoming a key element in workforce development, enabling employees to adapt to the tech-driven future.

    In conclusion, the shift towards tech roles in non-tech sectors is reshaping the job market in India. As companies across sectors seek to harness the power of technology, the demand for tech professionals is expected to continue its upward trajectory, making it an essential area for growth and investment in the coming years.

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