A report submitted towards the end of year 2017 has some enlightening thoughts and findings that attract our attention. The report called ‘Future of Skills and Jobs in India’ provides an insight into how India is supposed to change in terms of jobs and skills in the next five years.
The report considers various factors that affect the economy within the country and in the world and based on that gives a glimpse of the future of jobs in India. Let’s have a look at the important points that made a note in the report and how it can affect people looking for fresher jobs in the coming years.
Changing Trends affecting Jobs
The trends that are expected to affect the job market include various aspects of globalisation, adoption of exponential technologies by Indian companies, and demographic changes.
Various points are made under each of the broad topics which would determine the future of jobs in 2022.
Jobs with new skill sets
The highlight of the report has been the conclusion that around 37% of Indians will be in new jobs by 2022. In simpler terms, these jobs would be demanding radically different skill sets. Moreover, 9% of jobs are expected to be such that does not exist today.
Talking about the organised manufacturing and service sector, there is an expected increase of 8-10 million jobs by 2022. Out of which, 20-25% of the jobs would be of new forms or skill sets, especially technical skills. There will slightly increase the share of the organised sector in the overall economy.
Now, moving further to the unchanged job category, the report predicts 54% of jobs unaffected or unchanged. It is partly supposed to be so because of the rising middle class and partly because of the creation of highly optimized supply chains.
New Forms of Employment:
Now, students or employees looking forward to fresher jobs in the coming years need to focus more on the changing jobs which are expected to grow with years.
As per the report, the new forms of employment include several jobs like contract employees in the infrastructure sector, SME and artisan entrepreneurs in e-commerce, micro-entrepreneurs (supported by MUDRA schemes), freelance workers on online platforms, and more in the e-commerce ecosystem and even in tech start-ups.
An eminent personality from the NASSCOM also notes “that non-tech firms are increasingly emerging as the source of information technology roles”. The sectors that are included in the list are automotive, BFSI, automotive, telecom, retail, healthcare, etc.
The job market is changing rapidly and there’s a need to catch up with it. While traditional job roles are still in demand but you can barely stand out with them. There’s a need to move along with the world.
Students and job seekers need to be more open to new opportunities rather than racing to get the old tried and tested roles. When we talk about new skills, there are ample job opportunities for you. Moreover, the government is providing plenty of resources and support to those who are willing to bend towards these ‘ future-friendly’ skills.
The change is gradual in reality unlike how it seems to be sudden. So, even though you don’t have all the time in the world, there is still time to think, work, and launch yourself as one of the well-doing employees out of those 37% workforce expected to launch themselves into new skill jobs in 2022.