Case for India to become a global employment epicentre

The global labour market is undergoing rapid transformation, with demand for skilled workers rising sharply across advanced as well as emerging economies because of ageing population in many countries and businesses looking to adopt and scale up digitalisation.

Take the case of high-income countries such as Germany, Japan and the UK, which are experiencing signif icant skill shortages owing to shrinking working-age populations and low pool of employees adept at navigating the rapidly changing technological landscape.

This has presented India, which is home to one of the world’s youngest populations, a unique opportunity to become a global hub for skilled talent.

This report explores the evolving global skilling landscape and how India can transform its large young population base into a demographic dividend.

At the outset, over 78 million net new jobs are expected to be created globally by 2030 as per World Economic Forum, with strong requirement for jobs in sectors such as healthcare, information and communication technology (ICT), green energy, logistics and construction.

An analysis of Australia, Canada, Europe, the Gulf Cooperation Council (GCC) countries, South Korea and the US reveals a convergence of these in-demand job roles aligning with India’s skill base, such as nurses, elderly care workers, electricians, sof tware engineers, truck drivers and renewable energy technicians.