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India is on the verge of becoming a global AI talent hub, yet a significant skill gap threatens this potential. A study by Bain & Company indicates that the country could experience a shortfall of over one million skilled AI professionals by 2027. The report emphasizes the urgent need for reskilling and upskilling the workforce to meet the increasing demand for AI expertise.
The AI sector in India is projected to exceed 2.3 million job openings by 2027, while the talent pool is expected to grow to only around 1.2 million. This discrepancy presents a unique opportunity to reskill over a million workers, especially as AI-related job postings have surged by 21% annually since 2019. Addressing this talent shortage requires a shift in hiring practices and a focus on continuous upskilling initiatives.
• India's AI sector may face a talent shortfall of over 1 million by 2027.
• AI job openings in India could surpass 2.3 million by 2027.
The AI talent shortage refers to the gap between the demand for AI professionals and the available skilled workforce.
Reskilling involves training existing employees to acquire new skills relevant to AI technologies.
Upskilling focuses on enhancing the skills of current employees to meet evolving AI demands.
Bain & Company conducted the study highlighting the AI talent shortfall in India.
Microsoft is involved in AI initiatives, including the development of AI technologies and infrastructure.
AIKosha is focused on AI compute solutions and datasets, contributing to the AI ecosystem.
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