NEW DELHI: Results from nearly ten years of work under India's skilling mission are beginning to appear, making the nation one of the best-prepared labor markets for talents that will be in demand in the future.
With rankings in three important categories—37th in Skills Fit, 26th in Academic Readiness, and 40th in Economic Transformation—India is ranked 27th overall in the first-ever QS World Future Skills Index. In the Future of Work category, India comes in second, only surpassed by the United States.
India’s AI Workforce
This index assessed more than 190 nations, 280 million job advertisements, five million companies' skill requirements, 5,000 colleges, and 17.5 million research publications. India stood out for its ability to successfully integrate AI into its workforce.
According to the QS analysis, India is more prepared than many other nations to embrace AI, digital, and green technologies. The World Economic Forum emphasizes the need for workforce adaptation by projecting a 35% increase in digital skills and a 60% increase in AI skills by 2030, coupled with the creation of 24 million green employment.
India's Job Market
Listings for advanced fields show the job market’s growth. India's business environment is poised for innovation, as evidenced by the large number of job ads for AI, digital, and green talents. Given its 99.1 score on the Future of Work index and its 59% active AI deployment rate among businesses, India is a global leader in technology adoption.
Key Suggestions for India’s Growth
Key suggestions for India include expanding higher education opportunities, using a flexible approach to learning, encouraging entrepreneurship, and prioritizing green skills. Strengthening partnerships between industries and academic institutions and increasing investment in research and development are crucial for long-term growth and competitiveness.
India’s Economic Development Better Than…
According to Matteo Quacquarelli, vice president of strategy and analytics at QS, India's economy is predicted to develop at an average annual pace of 6.5% between 2025 and 2030, outpacing several of its rival economies. However, workers, graduates, and students require assistance to stay up to date with the ever-changing skill requirements as the market continues to change.
The 2020 National Education Policy placed a strong emphasis on developing a framework for adult education curricula, and it's critical that India's higher education system be fully utilized to build the skills and competencies future employers would require.
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