India's tech industry has relied on a large and affordable workforce, but there is a dwindling supply of talent in critical areas such as AI and data science.
According to a report by Bloomberg, some IT companies in India are going to the extent of offering new BMW Motorcycles as a sign-on bonus.
The report suggests that data scientist specialists in Delhi are witnessing pay hikes of 35 per cent to 50 per cent every time they switch jobs. In India, there is a high demand for data scientists, machine-learning specialists, and skilled engineers.
US-based companies like Flexcar are building teams in Indian cities like Bengaluru to access the highly skilled population and talent pool.