Synopsis
A report indicates that tech companies are focusing on tier 2 and tier 3 cities in India, leading to a projected 15-20% increase in STEM job opportunities by 2027. The overall STEM sector is expected to grow by 40-45%, highlighting India's commitment to innovation and workforce development.Key Takeaways
- Projected 15-20% rise in STEM jobs by 2027.
- Growing opportunities in tier 2 and 3 cities.
- 40-45% growth in the overall STEM sector.
- 34% of graduates in India specialize in STEM fields.
- Focus on enhancing STEM education through government initiatives.
New Delhi, Feb 28 (NationPress) As technology firms shift their recruitment efforts towards tier 2 and tier 3 cities, employment opportunities for science, technology, engineering, and mathematics (STEM) graduates in these areas are projected to grow by 15-20 percent by 2027, according to a recent report.
Job prospects in the STEM field are on the rise in cities like Bengaluru, Hyderabad, and Pune. Furthermore, the overall STEM sector in India is anticipated to witness a 40-45 percent increase by 2027, propelled by the escalating need for skilled professionals across various industries, as highlighted by NLB Services. A report from the Centre for Security and Emerging Technology (CSET) notes that 34 percent of all graduates in India are from STEM disciplines.
Additionally, insights from the industry reveal that India's annual output of STEM graduates is sufficient to fulfill the IT workforce requirements of both Europe and the US, even for specialized positions. This underscores STEM's crucial role in enhancing employment opportunities and fostering economic growth. The increasing focus on STEM education and workforce development reflects India's dedication to innovation and economic advancement.
“This commitment is mirrored in the Union Budget announcement aimed at revolutionizing India’s education system with initiatives such as 50,000 Atal Tinkering Labs, high-speed internet access for rural schools, AI integration, and skill development,” stated Sachin Alug, CEO of NLB Services.
The tinkering labs will facilitate research in the STEM domain, allowing students to experiment with new ideas and methodologies. Moreover, Prime Minister Narendra Modi has introduced the ‘One Day as a Scientist’ initiative for National Science Day 2025, which encourages young individuals to engage with research institutions, promoting hands-on scientific inquiry, Alug added.
The STEM sector encompasses engineering, technology, and scientific research roles, including positions like software developer, computer network architect, environmental engineer, and biochemist. The most sought-after roles are software developers (24%), data analysts (18%), and AI/ML specialists (15%).
Every year, over 1.5 million students participate in the Joint Entrance Examination (JEE), competing for around 16,000 seats at the Indian Institutes of Technology (IITs).
Similarly, the National Eligibility cum Entrance Test (NEET) attracts more than 1.8 million candidates vying for approximately 90,000 MBBS seats. This intense competition reflects the high societal and economic value associated with STEM careers, driven by attractive salary trends and the perception of enhanced job security in these sectors.
