-By ArdorComm News Network
July 7, 2022
A survey found that, in May 2022, compared to the same month in 2019, job postings for research and development (R&D) job roles increased by 42%. Between May 2020 and May 2021, when job posts grew by more than 40%, the spike was particularly noticeable. According to a report by the job portal Indeed, job searches have also climbed by 21% over the past three years, showing a rise in the demand from job seekers for these positions.
India has long been regarded as a market leader for IT services. Product innovation, however, has increased dramatically in India over the past ten years. According to Nasscom, the nation is currently home to global capability centres (GCCs) for more than 1,300 MNCs, or around 45% of all GCCs worldwide.
More than 1.3 million people are directly employed by these, and they bring in more than $33.8 billion annually. The Make In India initiative, which aims to promote innovation, improve skill development, and produce the best talent possible in the nation, is another factor supporting this growth.
Innovation has become more prominent in India over the past 15 years, according to Sashi Kumar, Head of Sales for Indeed India. “We are seeing a positive growth of product and engineering roles in India which will grow exponentially in the coming years.”
Bangalore is the city with the most R&D jobs, though. Nearly 75 percent of all R&D positions in India are located in the top five cities, which also include Pune, Hyderabad, Mumbai, and Chennai. R&D engineer (7.6%), software engineer (4.5%), software architect (1.4%), and full stack developer (1.3 percent) are the top positions offered as part of R&D employment.
The rise of such jobs being made available in tier 2 and tier 3 cities is one of the interesting phenomena we are seeing as a result of the pandemic’s digital push. “Smaller cities like Ahmedabad, Vadodara, Kochi, Indore, Jaipur, Surat and others contribute over 6.5% of total R&D jobs. indicating that companies will likely continue to focus on metro cities of tomorrow” Kumar added.