The energy sector is a major driving force of the Indian economy and, in recent times, has witnessed tremendous growth backed by technological innovation and strong government support. With India steadfastly moving towards a greener future and net zero emissions by 2070, the sector has seen massive growth in employment opportunities.
Let’s delve into the employment trends and what the future holds for this industry.
What’s Happening?
TeamLease Services’ ‘Employment Outlook Report for H1 FY25’ indicates that hiring activity in the energy sector grew by 9.01% in the first half of FY25 compared to the previous fiscal year. This growth reflects the transformative changes in the energy industry as India advances towards a low-carbon future, supported by government initiatives.
In terms of major cities, Delhi leads with 56% of new job opportunities, followed by Bengaluru and Mumbai at 53% and 52%, respectively. Jaipur is emerging as a prime destination for new job locations with 14%, closely followed by Bengaluru, Chennai, and Vadodara, each at 13%.
The report highlights sustained hiring growth in key metro cities and emerging opportunities in tier 2 cities due to significant infrastructure development, policy incentives, and expansion in green energy capacity.
Key Trends in the Report
The employment outlook for the energy sector was based on a survey of 1,417 employers across 23 industry segments. Approximately 62% of respondents indicated they are expanding their workforce, 20% anticipate reductions, and the remaining 18% foresee no change.
Engineering roles are in high demand, with 67% of respondents indicating increased job opportunities in this area. Sales positions are also highly sought after, with 60% of participants hiring for these roles.
What’s More?
The exponential growth of sustainable mobility and the development of EV infrastructure, driven by premiumisation and competition, have significantly boosted employment creation in the sector.
The government’s emphasis on green energy initiatives, Industry 4.0, and systematic decarbonisation is fueling new job opportunities. These efforts are not only driving economic growth and job creation but also bringing us closer to our long-term environmental goals.
What’s Next?
According to P. Subburathinam, Chief Strategy Officer at TeamLease Services, “The impressive 9.01% net employment change in the power and energy sector signifies a clear path towards a greener future. With 62% of industry participants expanding their workforce and leading cities such as Delhi, Bengaluru, and Mumbai driving this change, we have observed a remarkable shift in energy production and consumption”.
Rapid technological advancements in the energy sector are paving the way for a low-carbon future. It is crucial for the government to emphasise skilling and upskilling the workforce to align with emerging job opportunities and ensure stability in the sector.
That’s it for today. We hope you’ve found this article informative. Remember to spread the word among your friends. Until we meet again, stay curious!
*This article is for informational purposes only. This is not investment advice.
*Disclaimer: Teji Mandi Disclaimer
