Data from Indeed, one of the world’s no. 1 job sites, has revealed that job postings for research and development (R&D) job roles have seen a 42 percent increase in May 2022 since the same period in 2019. The growth was especially prominent between May 2020 and 2021, where job postings increased by over 40 percent. Job searches have also increased by 21 percent in the last three years, indicating a growing demand from jobseekers for such roles.
India has long been regarded as a leader in the IT services business. However, product innovation in India has increased tremendously during the previous decade. According to Nasscom, the country currently hosts over 1,300 MNC global capability centers (GCCs), accounting for around 45 percent of global GCCs. These employ approximately 1.3 million people directly and create over $33.8 billion in revenue. This expansion is also supported by the Make in India project, which aims to stimulate innovation, improve skill development, and generate best-in-class talent in the country.
Sashi Kumar, Head of Sales, Indeed India, said, “In the last decade and a half, innovation has taken a center stage in the country. We are seeing a positive growth of product and engineering roles in India which will grow exponentially in the coming years.”
While Bangalore leads in the number of jobs for R&D jobs. Pune, Hyderabad, Mumbai, Chennai round up the top five cities, accounting for nearly 75 percent of the total R&D jobs in India. Top roles posted as a part of R&D jobs include R&D engineer (7.6 percent), software engineer (4.5 percent), software architect (1.4 percent) and full stack developer (1.3 percent).”
“One of the interesting trends we are seeing as a result of the pandemic’s digital push is the rise of such jobs being made available in tier 2 and 3 cities as well. Smaller cities like Ahmedabad, Vadodara, Kochi, Indore, Jaipur, Surat and others contribute over 6.5 percent of total R&D jobs. indicating that companies will likely continue to focus on metro cities of tomorrow”, added Kumar.