Employment in the power & energy industry to grow by 9%: Report

29 Jul 2024

The workforce in India's power and energy industry is expected to grow by 9.01% in the first half of 2024–25, according to a report. It said this reflects the country's move towards a low-carbon future driven by government initiatives.

According to another report, 62% of respondents plan to expand their workforce, 20% anticipate reductions, and 18% expect no change in H1 FY25. The report stated by covering the 60 organisations in the power and energy sector and their projected talent demand.

"The 9.01% net employment change in the power and energy sector shows a clear path towards a greener future. With 62% of industry participants expanding their workforce and cities like Delhi, Bengaluru, and Mumbai driving this transformation, we have seen a significant shift in energy production and consumption," a person associated with the report said.

He added, "The growing focus on green energy initiatives, industry 4.0, and systemic decarbonisation is propelling workforce growth in the power and energy industry. This progress is not only paving the way for achieving environmental goals but also boosting economic growth through job creation."