<ul><li>In August 2024, India's overall white-collar hiring dropped 3% year-on-year, with the IT sector seeing just a 1% increase.</li><li>However, jobs in artificial intelligence (AI) and machine learning (ML) experienced a notable 14% rise. The FMCG sector grew by 11%, pharma and biotech by 9%, and oil and gas by 5%.</li><li>Despite market corrections, senior professionals continue to be in high demand. The AI market in India is projected to grow at a compound annual growth rate of 25-35% by 2027, reflecting a global trend in the technology’s expansion.</li></ul>

IT hiring declines in August, but AI-ML jobs outlier with 14% rise: Report

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