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FACT'S
High Demand for STEM Jobs in India
01
According to the India Skills Report 2023, 53% of employers in India expressed the highest demand for STEM graduates, especially in areas such as data science, AI, and software development. The report highlights that the demand for tech-related skills is growing at an unprecedented rate across sectors.
Projected STEM Job Growth
02
NASSCOM (National Association of Software and Service Companies) projects that by 2026, India will face a shortage of 1.4–1.8 million STEM professionals due to the rapid adoption of emerging technologies like AI, machine learning, and the Internet of Things (IoT). Bridging this gap will require an increase in STEM education and training.
Higher Earnings in STEM Fields
03
A study by LinkedIn in India revealed that STEM professionals, particularly in software engineering, data science, and cybersecurity, earn salaries up to 85% higher than the national average across all industries. STEM-related skills are seen as a significant differentiator in compensation levels.
Digital Skills Demand in India
04
NASSCOM (National Association of Software and Service Companies) projects that by 2026, India will face a shortage of 1.4–1.8 million STEM professionals due to the rapid adoption of emerging technologies like AI, machine learning, and the Internet of Things (IoT). Bridging this gap will require an increase in STEM education and training.
India’s Role in the Global Tech Workforce
05
A study by LinkedIn in India revealed that STEM professionals, particularly in software engineering, data science, and cybersecurity, earn salaries up to 85% higher than the national average across all industries. STEM-related skills are seen as a significant differentiator in compensation levels.
Automation and Job Shifts in India
06
A McKinsey study estimates that up to 9% of India’s workforce will need to be reskilled by 2030 due to automation. This shift is expected to disproportionately affect jobs that don’t require STEM knowledge, underscoring the importance of preparing students for a technology-driven job market.
Investment in STEM Education for Economic Growth
07
The Indian government’s National Education Policy (NEP) 2020 emphasizes the need for STEM education at all levels, recognizing that it’s key for economic growth and global competitiveness. As per NEP 2020, schools and colleges are encouraged to integrate coding, AI, and other tech-related curricula to prepare students for the digital economy.
STEM Skills Linked to Economic Growth
08
A report by the National Institute of Educational Planning and Administration (NIEPA) found that if India can increase the supply of STEM talent, the country’s GDP could grow by an additional 1.2% annually. This further underscores the economic impact of investing in STEM education.
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