Deployment of public cloud could add $100 billion to India's GDP by 2023 and generate 2.4L jobs: study - Orapoint

Of the 240,000 direct workers, about 157,000 would be working with cloud service companies, IT service providers and through business verticals in technical and technology,related positions such as computer scientists, product managers, development, architecture, customer interface, and network management employment.

In a new report published Wednesday, Google Cloud and Boston Consulting Group (BCG) said India is starting to demonstrate promise for fast growth in the public cloud. Public cloud investments in India are projected to rise at a CAGR of 25 per cent from US$ 3 billion in 2018 to US$ 8 billion in 2023, with the ability to contribute cumulatively around US$ 100 billion in GDP from 2019 to 2023

“The tremendous change that is inevitable as businesses and countries accept a cloud-first future was witnessed firsthand. We’re working with higher education institutions and customers to train cloud-native engineers at an aggressive rate and broadening access to training and certification to help groom a pool of cloud-ready talent to help Indian businesses grow and scale with the cloud”.

According to the results of the report, India’s digital,native businesses and media and entertainment firms are the main drivers of public cloud adoption. Respondents cited quicker delivery of innovative software and services, improved team collaboration and the capacity of cloud service providers to offer better protection as primary factors for cloud infrastructure adoption.

According to reports, suppliers and financial companies appear to be in the early stages of public cloud adoption. It was partially attributed to the “perceived difficulty of moving legacy data and changing government privacy and protection regulations,” it added.