Market Intelligence Reports

APAC Market Report Q1 2023

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Talent Solutions - Asia Pacific QMR Q1 2023 │ 24 Mumbai, Maharashtra Indicative Annual Salary and Hourly Pay – Selected Positions : Mumbai Annual Salary Hourly Salary Annual Salary Hourly Salary Cloud Developer ₹ 1 0 ₹ 1 Java Developer ₹ 1 1 2 1 ₹ 3 23 $17,775 $8.00 $14,235 $6.50 Cyber Security Architect ₹ 1 323 12 ₹ 02 0 Project Manager - IT ₹ 1 0 ₹ 0 03 $16,065 $7.30 $17,975 $8.00 Data Analyst ₹ ₹ 31 2 Software Developer ₹ 1 2 3 01 ₹ $11,745 $5.25 $15,090 $6.85 Overall Workforce Participation Rate 15 years+ in Urban Maharashtra is 36.2%. State Workforce Participation rates are: Overall: 43.4% Males: 64.3% Females: 18.6% Sources: Gartner Talent Neuron https://mapchart.net/ https://unemploymentinindia.cmie.com/ https://mospi.gov.in/ March 2023, YOY Urban inflation in Maharashtra was 6.21% 11 1 3 2 1 1 213 1 2 1 1 1 3 1 1 1 13 1 01 1 0 0 1 222 1 0 2 000 000 000 000 10 000 12 000 1 000 1 000 1 000 20 000 3 1 2 3 1 2 3 1 2 3 201 2020 2021 2022 P c a i a is a c f a is P a i f a is ‾ Open IT Vacancies 36,694 ‾ Time To Fill: 65 Days ‾ 32% of roles filled within 30 days ‾ Hiring: Moderately Difficult ‾ Median Salary IT Function: ₹ 20 0 0 (~ $US 6,315 per year) ‾ Jobs in highest demand: ▪ Java Developer ▪ Web Developer ▪ Software Developer Mumbai – Hiring Demand Trend for IT Function Hiring Demand Trend for IT Function Roles by Experience Level Urban Labor Statistics for Maharashtra Over Time IT Job Function Vacancies Mumbai '000 P

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