TeamLease Services’ ‘Employment Outlook Report’ for H1 FY25 reveals a net employment change of 9.01% in the power and energy sector.
India’s energy industry is undergoing a remarkable transformation, aligning with the nation’s ambitious commitment to achieving net-zero emissions by 2070.
As part of this journey, the power and energy sector is evolving rapidly, driven by significant government initiatives and a shift towards a low-carbon future.
In the recent Union Budget 2024, the Indian government allocated Rs 19,100 crore to the Ministry of New and Renewable Energy. These funds are specifically earmarked for solar power, wind energy, the National Green Hydrogen Mission, and bioenergy programs.
These allocations underscore the government’s focus on energy transition and climate change mitigation.
Green Initiatives Propel Employment Boost
TeamLease Services’ ‘Employment Outlook Report’ for H1 FY25 reveals a net employment change of 9.01% in the power and energy sector. This positive trend is driven by the growing adoption of green energy initiatives.
Notably, 62% of industry participants are expanding their workforce, signaling a clear path towards a greener future.
Leading cities such as Delhi, Bengaluru, and Mumbai are at the forefront of this transformation. Energy production and consumption patterns are shifting, with a strong emphasis on sustainability.
Subburathinam P, Chief Strategy Officer, TeamLease Services, said, “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,” Subburathinam added.
Subburathinam further said, “The growing focus on green energy initiatives, industry 4.0, and systemic decarbonization is propelling workforce growth in the power and energy industry.”
Beyond traditional energy, the electric vehicle (EV) and EV infrastructure sectors are experiencing rapid expansion. Factors such as premiumization and increased competition are driving this growth.
Consequently, the incremental workforce in both the EV and broader power and energy industries is set to rise.
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Geographical Trends and Emerging Employment Opportunities
Geographically, Delhi leads in existing job locations within the Power and Energy sector, accounting for 56% of opportunities. Bengaluru follows closely at 53%, while Mumbai stands at 52%.
Interestingly, Jaipur emerges as a frontrunner for new job locations, with 14% growth. Bengaluru, Chennai, and Vadodara also tie at 13%, highlighting emerging opportunities in tier-2 cities.
Within the sector, engineering positions are in high demand, with 67% of respondents indicating growth.
Sales roles closely follow at 60%, reflecting the industry’s dual focus on expanding market reach and enhancing technical capabilities.
Towards a Sustainable Future
In conclusion, the report emphasizes the critical role of green energy initiatives and industry 4.0 advancements in accelerating workforce expansion.
Additionally, the rapid growth of the EV and EV infrastructure industry significantly contributes to employment growth, reinforcing the sector’s trajectory towards a sustainable and low-carbon future.
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