The demand for generative AI jobs in India is on the rise, with senior developers earning over INR 1 crore per annum and entry-level salaries around INR 18 lakh per annum. Companies like Accenture are securing significant deals in generative AI, leading to higher salaries for those with expertise in this field. According to founder Mankaran Singh, engineers can start contributing to generative AI development within 2-3 months of studying deep learning.