India's Dual Dilemma: A Global Employment Powerhouse with Skill Shortages
As global demographics shift, India is poised to become a global employment center due to its youthful population. However, it faces significant challenges in skill development and underqualification, which must be addressed to bridge the international skill gap and boost domestic employment.
- Country:
- India
India is on the brink of becoming a pivotal player in the global job market, driven by the rising demand for skilled workers amid increasing digitalization and an aging population in developed regions, according to a report by Crisil Intelligence.
The report highlights a paradox in the global labor arena; while some nations grapple with unemployment, employers worldwide struggle to find skilled personnel, a situation that India is uniquely positioned to exploit due to its youthful demographic.
The report underscores the acute need for India to revamp its skilling infrastructure as it could potentially flood the global market with adept labor, yet internal issues like underqualification and skill shortages pose significant challenges.
(With inputs from agencies.)
ALSO READ
Britain's Labour Market Cools Amid Economic Uncertainty
FTSE Gains as Labour Market Cooling Signals Rate Cuts
Balancing Act: Technology's Impact on Labour Markets
Next-gen AI promises personalized support for aging populations
AI uptake gains momentum in the EU, but regional gaps and skill shortages persist
Google News