Source: LinkedIn News, The Economic Times - https://lnkd.in/d7uGivMy

The demand for functional skills such as development, enterprise resource planning, and automotive design, among others, went up in Q2 of FY24. And the current demand in certain skills, brings back the focus on the need for upskilling. This trend — prominent in industries such as engineering, manufacturing, healthcare, and retail — is evident despite IT firms dialing down on recruitment, with many suspending fresher and campus hiring.

The sector, which is clearly going through a transformatory phase, is reportedly taking a cautious approach as many factors are at play, including decreased business demand and geopolitical tensions. And the current demand in certain skills, brings back the focus on the need for upskilling.

“Opportunities abound for those who invest in upskilling, with a notable shift in the way businesses operate, as over 85% of Indian businesses plan to invest in AI within the next two years,” says Vijay Sivaram , CEO of Bengaluru-based Quess IT Staffing.