Almost 9 percent of the workforce in the future would be deployed in new jobs that do not exist today.
According to a report titled ‘The future of skills and jobs in India’ by FICCI and NASSCOM with Ernst and Young, by 2022 nearly 37 percent of Indian workforce would be in jobs demanding radically different skill sets.
The report highlights the impact that various primary forces such as globalization, demographics, and Industry technologies, are expected to have on the key sectors of the economy.
The internet and exponential technologies are creating new employment opportunities in the areas of ‘white-collar’ working. In India, the future of jobs in 2022 would be determined by the country’s response to 12 megatrends which includes, under globalization – the level of exports, rapid adoption of exponential technologies, increasing/shrinking overseas job market for Indian workforce and level of FDI flows.
Almost 60-65 percent workforce in the organized IT/BPM sector would be deployed in jobs that have radically changed skill sets including Embedded System Programmer, Data Scientist, Data Architect and AI Research Scientist among a few. Similarly, 50-55 percent in the automotive sector would be deployed in jobs that have radically changed skill sets and evolving job roles. New jobs roles are also expected in the Textile & Apparel, BFSI and Retail sector.
Mohandas Pai, Chairman, FICCI Skill Development Committee & Chairman Manipal Global Education, said that there was an urgent need to collate and analyze data to understand the sectors in which jobs were being created, what were the skills that were needed by industries and employers, and how productivity could be enhanced with re-skilling of workforce.