Let's act now to create a resilient, adaptable and skilled workforce
Mint Ahmedabad|January 02, 2025
Our demographic dividend, coupled with skills adapted for new opportunities, can give us a competitive advantage globally
JYOTI VIJ

The stark reality of India's evolving job market is captured in a single striking statistic: While 83 million jobs globally face extinction in the next five years, 69 million new roles will emerge in their place. This transformation isn't just a number. It represents a fundamental shift in how we think about work, skills and the future of India's workforce.

As the world's fastest-growing major economy, India faces a unique challenge. The Economic Survey of 2023-24 indicates that we need to generate approximately 7.85 million jobs annually in the non-farm sector until 2030 to harness our demographic dividend.

The FICCI-EY Future of Jobs 3.0 Report 2024 dives deep into this transformation across five critical sectors: Manufacturing, FMCGs, healthcare, energy and infrastructure, revealing challenges and unprecedented opportunities for India to lead the global digital economy. The report synthesizes macroeconomic trends, global best practices and evolving labour-market dynamics to provide insights into the future of work and reveal how these forces are reshaping traditional industry paradigms.

Examining how these trends will influence the job market and what this means for workers, employers and policymakers alike is crucial.

Denne historien er fra January 02, 2025-utgaven av Mint Ahmedabad.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra January 02, 2025-utgaven av Mint Ahmedabad.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA MINT AHMEDABADSe alt
Mint Ahmedabad

The Perks of Reflection and Daily Me-Time

Introspection helps one think more clearly, says Spinny CEO Niraj Singh

time-read
2 mins  |
January 06, 2025
Mint Ahmedabad

It's your touch that will push an AI co-worker to do better

AI agents help break down silos and improve decision-making and collaboration, but it's people who can leverage their benefits

time-read
3 mins  |
January 06, 2025
Mint Ahmedabad

Hiring Is Just The First Step Towards Inclusion

Persons with disabilities and those from marginalized groups need mentors and a supportive environment to grow in their careers

time-read
4 mins  |
January 06, 2025
Mint Ahmedabad

Budget: It must aim to engineer India's economic transformation

The target of Viksit Bharat by 2047 requires the budget to balance immediate challenges with long-term development goals

time-read
3 mins  |
January 06, 2025
Mint Ahmedabad

The Digital Data Protection rules have hits and misses

Some provisions can set a global example for age-gating but others would overburden data fiduciaries

time-read
4 mins  |
January 06, 2025
Mint Ahmedabad

The 'Asian Aunty' Is Smashing Ageist and Gender Stereotypes

'Aunty' leaders are tackling a widely normalized form of 'othering'

time-read
3 mins  |
January 06, 2025
Mint Ahmedabad

Public debt: Do not let it eclipse the fiscal deficit

The Centre's plan to adopt debt as its new focus for budget prudence after 2025-26 does hold merit but we must not lose track of the fiscal gap. It'll remain a valuable economic indicator

time-read
3 mins  |
January 06, 2025
Mint Ahmedabad

Longevity Is Usually A Reward For Being Unspectacular

Careers That Endure Are Typically Not Spectacular. This Is So In Politics As Well As Other Fields

time-read
4 mins  |
January 06, 2025
Mint Ahmedabad

Get public-private partnerships right for target-oriented growth

The UK's new government should engage the private sector with deals that achieve public objectives

time-read
3 mins  |
January 06, 2025
Mint Ahmedabad

How to Use Home Loan Interest as Acquisition Cost

With reasonable housing loan interest rates, many taxpayers use loans for residential property purchases.

time-read
2 mins  |
January 06, 2025