Telecom Industry to get 30 lakh jobs in 2018

New Delhi, Aug 17: The ASSOCHAM-KPMG has conducted a survey and revealed that the Telecom Industry would get 30 lakh jobs in the next year.

It states that with the roll out of 4G technology with an increase in data usage and introduction of digital wallets, popularity of smart phone leading to consistent increase in demand for technology and other developments in the telecom sector likely to increase job opportunities by 30 lakhs by 2018

The assocham-kpmg joint study revealed that the emerging technologies such as 5G, M2M and the evolution of Information and Communications Technology (ICT) are expected to create employment avenues for almost 870,000 individuals by 2021.

The existing manpower in the sector may not be adequate both in number as well as in skill to cater to the upcoming demand.

There is a need to bridge the gap in skill which on the one hand would require identification of skilled manpower in diverse roles such as infra and cyber security experts, application developers, sales executives, infrastructure technicians, handset technicians etc.

As well as on the other hand reskilling of existing manpower working on existing technologies for them to be updated with upcoming requirements.

The telecom sector has grown at 19.6 per cent CAGR in terms of subscriber base and at 7.07 per cent CAGR from a revenue perspective over the last few years.