The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。

How can India be prepared for future jobs?

Future of jobs in India.
A 2022 perspective

EY - NASSCOM
FCCi
EY

This "Future of Jobs in India” report provides a vision of change for the job market in India over the next few years. It also provides an overview of the projected job creation rates for the next five years, new jobs that will emerge and the skills and expertise that will be required for success in the emerging environment.

Highlights on future of jobs by 2022

  • 37% would be deployed in jobs that have radically changed skill sets
  • Exponential technologies and demographic changes will have most impact
  • Exponential technologies in advanced markets is expected to improve productivity by 15-20% in the next five years
  • New business process offshoring opportunities in North America/ European markets will fade away
  • Migration of workers to overseas markets will decline by 25-30%
  • IT & BFSI sectors will see the highest impact, while for auto and retail sectors it shall be moderate

The future of jobs in 2022 in India will be determined by the country’s response to the inevitable impact created by the interplay of three primary forces - globalization, demographic changes and the adoption of Industry 4.0 exponential technologies by Indian industries. The report offers corporations, students, policy makers and educationists a consolidated view of the impact these various primary forces are expected to have on the key sectors of the economy.

 

Contact us

EY - Anurag Malik

Anurag Malik
Partner – People Advisory Services
EY India LLP
EY - Contact Contact

EY - Arunkumar Pillai

Arunkumar Pillai
Partner – Skill Development
Government and Public Services, EY India LLP
EY - Contact Contact

Videos

Impact of primary forces on jobs – 2022

EY - Impact of primary forces on jobs – 2022

Workforce mix in 2022

EY - Workforce mix in 2022

A snapshot of the future of job in the organized sector – 2022

EY - A snapshot of the future of job in the organized sector – 2022

EY framework for the future of jobs study

EY framework for the future of jobs study

In India, the future of jobs in 2022 would be determined by the country’s response to 12 trends created by the interplay of the three inevitable primary forces.

Trends impacting future of jobs in India

EY - Trends impacting future of jobs in India

Recommendations

Government

  • Effect large scale reforms in the technical and vocational education
  • Expand and upgrade the technology tool rooms across the country to enable the MSME sector to adopt exponential technologies
  • Encourage start-ups to transform unorganized sectors to organized ones using technology
  • Transform the public healthcare, education space and other development sectors through use of technology assisted outreach

Industry

  • Create a “vision for exponential technologies” for your industry or company
  • Create collaborative learning ecosystems for each industry
  • Develop workforce re-training programs across organization levels

Individuals

  • Take responsibility for life-long learning
  • Embrace the gig economy

Academia

  • Focus on judgment-driven skills
  • Introduce tailored courses with flexible completion timings to enhance students’ inclination towards learning

Sector jobs and skills evolution