New Delhi [India], August 27 (ANI): Indian Telecom, ISP and Allied Sector have demonstrated a positive employment sentiment, with 62 per cent of employers planning to increase their workforce for the first half (H1) of the financial year (FY) 2025, a TeamLease Services report said.
The report observed a moderate net employment growth of 5.62 per cent in these sectors.
In terms of workforce size trends, the survey shows that 62 per cent of respondents from the telecom, ISP, and related industries intend to grow their personnel, while 17 per cent anticipate shrinking it.
For H1 FY25, 21 per cent of respondents do not anticipate a change in their personnel size.
This trend is particularly pronounced in certain cities, with Delhi leading at 57 per cent for employers expanding their workforce in existing job locations, followed closely by Bengaluru and Chennai at 53 per cent each.
Hyderabad and Bhopal top the hiring list for new job locations with 20 per cent each, followed by Bengaluru, Vadodara, and Jaipur at 19 per cent each.
Subburathinam P, CSO-Staffing, TeamLease Services, said, “As the backbone of the digital economy, the Indian telecom, ISP & allied industry is driving innovation, connectivity, and job creation across the country. Our recent Employment Outlook Report underlines this positive trajectory, highlighting how the sector’s expansion opens doors for specialized roles, particularly in ICT, AI, and engineering. Hiring in the sector is likely to increase, as 62 per cent of respondents plan to expand their workforce, driven by the growing momentum in broadband expansion, exponential IoT implementation, and advancements in AI, robotics, and cloud computing.”
India has the world’s second-largest telecommunications market and continues to expand progressively. As of June 2024, the nation’s total telephone subscriber base stood at an impressive 1.2 billion, reflecting the sector’s robust growth trajectory over the last decade.
The report predicted that 500 million new internet users will join the internet in the next five years due to the rapid rise in mobile phone penetration and falling data costs.
In the Union Budget 2024, the government took a crucial initiative to nurture further the country’s telecom, ISP and allied industries. The Basic Customs Duty (BCD) on printed circuit board assembly (PCBA) of specific telecom equipment was increased from 10 per cent to 15 per cent to incentivize domestic manufacturing. Also, to enhance ‘Ease of Doing Business’, the government is working on the Jan Vishwas Bill 2.0.
These moves will pave the way for new business models and job opportunities in the telecom sector, the report added. (ANI)
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