AI/ML jobs may pay up to ₹80 lakh per annum in 2026: Report
The field of Artificial Intelligence (AI) and Machine Learning (ML) has been gaining momentum in recent years, and India is expected to be at the forefront of this revolution. According to a recent analysis by Testleaf, India will host more than a million AI and ML roles by 2026. This growth is expected to be accompanied by a significant increase in salaries, with average annual salary growth expected at 15-20%. In this blog post, we will delve into the details of this report and explore the job prospects and salary expectations for AI/ML professionals in India.
Growth of AI/ML jobs in India
The report by Testleaf highlights the rapid growth of AI/ML jobs in India, with the country expected to host over a million roles by 2026. This growth is driven by the increasing adoption of AI and ML technologies across various industries, including healthcare, finance, and e-commerce. As companies look to leverage the power of AI and ML to improve their operations and decision-making, the demand for skilled professionals in this field is expected to skyrocket.
Salary expectations for AI/ML professionals
The report also provides insights into the salary expectations for AI/ML professionals in India. According to the analysis, senior AI engineers working remotely for US firms can earn salary equivalents of ₹60-₹80 lakh per annum (LPA). This is a significant increase from the current salary ranges and reflects the growing demand for skilled AI/ML professionals. Freshers can also expect attractive packages, with salaries ranging from ₹5-₹9 LPA for AI/ML roles.
Factors driving salary growth
So, what are the factors driving this salary growth? Several factors are contributing to the increase in salaries for AI/ML professionals. Firstly, the demand for skilled professionals in this field is outstripping supply, leading to a shortage of talent. This shortage is driving up salaries as companies compete to attract and retain top talent. Secondly, the increasing adoption of AI and ML technologies across industries is leading to a rise in the number of job openings, further fueling salary growth.
Remote work and its impact on salaries
The report also highlights the impact of remote work on salaries for AI/ML professionals. With the rise of remote work, Indian professionals can now work for US firms and earn salaries in dollars. This has led to a significant increase in salaries, with senior AI engineers working remotely for US firms earning salary equivalents of ₹60-₹80 LPA. This trend is expected to continue, with more and more companies adopting remote work models and Indian professionals benefiting from the resulting salary increases.
Skills in demand
So, what are the skills in demand for AI/ML professionals? The report highlights the importance of skills such as deep learning, natural language processing, and computer vision. Professionals with expertise in these areas can expect to be in high demand, with companies willing to pay a premium for their skills. Additionally, skills such as data science, statistics, and programming languages like Python and R are also in high demand.
Conclusion
In conclusion, the report by Testleaf highlights the exciting job prospects and salary expectations for AI/ML professionals in India. With the country expected to host over a million AI and ML roles by 2026, the demand for skilled professionals in this field is expected to skyrocket. Salaries are also expected to increase, with senior AI engineers working remotely for US firms earning salary equivalents of ₹60-₹80 LPA. Freshers can also expect attractive packages, with salaries ranging from ₹5-₹9 LPA for AI/ML roles. As the field of AI and ML continues to evolve, it’s an exciting time to be a part of this industry, and we can expect to see significant growth and innovation in the years to come.
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