
India to see 7.29 mn green jobs by FY28
With this massive growth, India is also set to create a huge number of green jobs -- around 7.29 million by the financial year 2027-28 and 35 million by the year 2047, according to a NLB Services report. NLB Services CEO Sachin Alug said: 'In the past 4–5 years, we've seen green jobs evolve from niche roles to mainstream opportunities across renewable energy, EVs, and sustainable infrastructure. What's changed pragmatically is the skillsets.'India Green Economy, Green Jobs, NLB Services Report, Renewable Energy, Sustainability Skills, Workforce Development
'Today's green workforce needs both sustainability know-how and digital fluency, and the increased integration of AI, IoT, blockchain, GIS, and data-driven tools are laying the foundation for progressive, new-age green careers,' Alug mentioned.
As the green sector expands, industries are not just investing in green technology and renewable energy, but also focusing on building a skilled workforce to meet the rising demand.
This shift is driving companies to change their hiring strategies. Rather than relying only on traditional degrees, employers are now giving more importance to practical green skills and hands-on experience. Many companies are also working closely with colleges and universities to equip young people with sustainability-related skills, while also investing in inclusive hiring and re-skilling programmes, the report stated.

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Economic Times
05-08-2025
- Economic Times
Jobs at Risk: AI's reality check
TIL Creatives India's white-collar workforce has started feeling the tremors of job displacement due to AI with India's largest IT employer Tata Consultancy Services (TCS) announcing it will cut 12,000 roles. While the country's technology industry has weathered several downturns in the past—from the post-Y2K lull to the 2008 financial crisis and the Covid-era freeze—the current shift is unlike any before. AI is rewriting job descriptions, replacing repetitive roles and forcing a reset on what skills are truly futureproof. It's part of a broader trend. Recruitment firms report the erosion of jobs across the board–from finance and insurance to marketing and customer service. According to the World Economic Forum's 2025 Future of Jobs report, the structural labour market shift will impact 22% of today's jobs globally, although it foresees an overall rise. Nearly 8% (92 million) will be lost, while 14% (170 million) new jobs will be created. This will result in net growth of 7% in total employment, or 78 million jobs in 2025-2030, it said. For India, 38% of existing core skills are expected to traditional job pyramid of the Indian white-collar workforce—wide at the base with repetitive roles—is being compressed, experts said. Hiring is becoming more selective, with companies placing a premium on value-creation over volume. Rule-based and pattern-driven processes are already being replaced with AI's speed and accuracy, said Sachin Alug, CEO of recruitment firm NLB Services. 'We're already seeing it in roles such as customer service agents, data entry operators, invoice processors, and junior audit staff. In many cases, AI handles the first layer of work, such as responses, validations, and summaries, faster and with fewer errors.'The BPO and KPO (business and knowledge processing outsourcing) sectors, India's largest employment engines, are also under pressure. Voice-based customer service agents, chat support, transcription and data-cleaning roles are all at risk due to co-pilots and conversational bots. Nearly 65% of retail jobs and up to 70% of financial reporting tasks could be automated in the coming years, said Neeti Sharma, CEO at recruitment firm TeamLease Digital.'Already, about 30% of global customer service requests are handled by AI, and junior roles in legal and audit are being reduced as AI reviews documents and checks compliance,' she said. The squeeze isn't immediate but seems inevitable.'While these roles are not vanishing overnight, many organisations, especially in captive centres and large shared services setups, are seeing a slowdown or freeze in hiring unless driven by fresh investments or expansion mandates,' said Sanketh Chengappa KG, director and business head, professional staffing at Adecco India. The cascading effect of job displacement is creating higher entry barriers for younger people entering the workforce, he said. It may create urban unemployment clusters, particularly in cities with a high concentration of BPO/KPO jobs, and enhance income inequality. AI disruption isn't confined to entry-level workers. Mid-career professionals are increasingly vulnerable, especially those with 15–25 years of experience in functions now becoming redundant, said Shyam Menon, co-founder of the Bharat Innovation Fund. He noted that this cohort is at risk due to outdated skillsets and limited exposure to newer also noted that the narrative around AI is heavily skewed towards coding and data science. 'This creates a perceived 'tech wall' for professionals in fields like human resources, marketing, sales, and arts,' he said. According to Maya Nair, executive director at Grafton Recruitment India, companies are beginning to prioritise productivity over manpower. 'In manufacturing and healthcare sectors, automation or data entry folks and base level roles in finance, admin, HR are where chatbots are being introduced to provide solutions to queries raised within minutes, which previously took two days by employees doing the same role,' she said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Can Coforge's ambition to lead the IT Industry become a reality? BlackRock returns, this time with Ambani. Will it be lucky second time? Amazon is making stealthy moves in healthcare, here's why! The trader who blew the whistle on Jane Street Stock Radar: Globus Spirits breaks out from 9-month consolidation; check target & stop loss for long positions Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large-caps have 'strong buy' & 'buy' recos and an upside potential of more than 25% Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 36% in 1 year


Time of India
05-08-2025
- Time of India
Jobs at Risk: AI's reality check
ETtech India's white-collar workforce has started feeling the tremors of job displacement due to AI with India's largest IT employer Tata Consultancy Services (TCS) announcing it will cut 12,000 roles. While the country's technology industry has weathered several downturns in the past—from the post-Y2K lull to the 2008 financial crisis and the Covid-era freeze—the current shift is unlike any before. AI is rewriting job descriptions, replacing repetitive roles and forcing a reset on what skills are truly futureproof. It's part of a broader trend. Recruitment firms report the erosion of jobs across the board–from finance and insurance to marketing and customer to the World Economic Forum's 2025 Future of Jobs report , the structural labour market shift will impact 22% of today's jobs globally, although it foresees an overall rise. Nearly 8% (92 million) will be lost, while 14% (170 million) new jobs will be created. This will result in net growth of 7% in total employment, or 78 million jobs in 2025-2030, it said. For India, 38% of existing core skills are expected to traditional job pyramid of the Indian white-collar workforce—wide at the base with repetitive roles—is being compressed, experts said. Hiring is becoming more selective, with companies placing a premium on value-creation over and pattern-driven processes are already being replaced with AI's speed and accuracy, said Sachin Alug, CEO of recruitment firm NLB Services. 'We're already seeing it in roles such as customer service agents, data entry operators, invoice processors, and junior audit staff. In many cases, AI handles the first layer of work, such as responses, validations, and summaries, faster and with fewer errors.'The BPO and KPO (business and knowledge processing outsourcing) sectors, India's largest employment engines, are also under pressure. Voice-based customer service agents, chat support, transcription and data-cleaning roles are all at risk due to co-pilots and conversational bots. Nearly 65% of retail jobs and up to 70% of financial reporting tasks could be automated in the coming years, said Neeti Sharma, CEO at recruitment firm TeamLease Digital.'Already, about 30% of global customer service requests are handled by AI, and junior roles in legal and audit are being reduced as AI reviews documents and checks compliance,' she said. The squeeze isn't immediate but seems inevitable.'While these roles are not vanishing overnight, many organisations, especially in captive centres and large shared services setups, are seeing a slowdown or freeze in hiring unless driven by fresh investments or expansion mandates,' said Sanketh Chengappa KG, director and business head, professional staffing at Adecco India. The cascading effect of job displacement is creating higher entry barriers for younger people entering the workforce, he said. It may create urban unemployment clusters, particularly in cities with a high concentration of BPO/KPO jobs, and enhance income inequality. AI disruption isn't confined to entry-level workers. Mid-career professionals are increasingly vulnerable, especially those with 15–25 years of experience in functions now becoming redundant, said Shyam Menon, co-founder of the Bharat Innovation Fund. He noted that this cohort is at risk due to outdated skillsets and limited exposure to newer also noted that the narrative around AI is heavily skewed towards coding and data science. 'This creates a perceived 'tech wall' for professionals in fields like human resources, marketing, sales, and arts,' he said. According to Maya Nair, executive director at Grafton Recruitment India, companies are beginning to prioritise productivity over manpower. 'In manufacturing and healthcare sectors, automation or data entry folks and base level roles in finance, admin, HR are where chatbots are being introduced to provide solutions to queries raised within minutes, which previously took two days by employees doing the same role,' she said.


The Hindu
29-07-2025
- The Hindu
India's concert economy set to generate 12 million jobs by 2032, report
India's live concert industry is no longer a niche entertainment segment, and is rapidly becoming a significant economic force. According to NLB Services, the country's 'concert economy' is projected to generate up to 12 million jobs by 2032, driven by expanding demand in tier II and III cities and increasing participation from global entertainment brands. In recent years, live music events in India have grown in scale and frequency, drawing global acts like Coldplay, Dua Lipa, Ed Sheeran, Cigarettes After Sex, Guns N' Roses and more. While major metros like Mumbai, Delhi, and Bengaluru remain central, emerging cities such as Guwahati, Jaipur, Kochi, and Chandigarh are now regularly hosting large-scale concerts. This geographical shift is helping to decentralise employment opportunities. Each major concert can create between 15,000 to 20,000 temporary jobs across logistics, security, hospitality, artist liaison, digital media, and event technology. In some cases, about 10–15% of these temporary roles are converting to full-time employment, particularly in technical areas like production, lighting, and audio engineering. NLB Services CEO Sachin Alug said the sector has moved beyond seasonal shows to become 'year-round economic engines,' calling for urgent investments in skill development, especially in smaller cities. 'The concert economy is not just about entertainment — it's about job creation, formalisation, and youth empowerment,' he added. The economic ripple effect of major events is already evident. Coldplay's 2024 Ahmedabad concert reportedly added ₹641 crore to the local economy, including ₹72 crore in GST revenue. Hotels saw a surge in occupancy, flights were overbooked, and F&B outlets reported record sales. Platforms like BookMyShow Live have played a central role in shaping India's concert landscape. Naman Pugalia, Chief Business Officer for Live Events, noted that concerts now operate 'at an international scale,' citing events like Lollapalooza India and Bandland, which have created over 8,500 jobs each. Looking ahead, the sector is poised to become a ₹15,000 crore industry, though its continued growth depends on infrastructure, state support, and upskilling efforts. Meanwhile, social media and the fear of missing out (FoMO) are also driving ticket demand, with fans eager to attend global acts that may not return soon. With a packed 2025 lineup featuring Travis Scott, Enrique Iglesias, and more, India's concert economy shows no sign of slowing. Industry stakeholders believe the momentum could lead to a long-term transformation of how entertainment, tourism, and employment intersect in the country.