India’s future of work looks promising, according to the QS survey. The country ranks second only to the United States in the Future of Work category. This is a testament to India’s long-term skilling mission. The results have been showing over the past decade.
India excels in adopting AI, digital, and green skills. These are the skills that will be in demand in the future. The QS World Future Skills Index ranks India 27th. It places India in key parameters. We are 37th in Skills Fit, 26th in Academic Readiness, and 40th in Economic Transformation.
The World Economic Forum forecasts a 60% increase in AI skills and a 35% rise in digital skills by 2030. This will create 24 million green jobs, emphasizing the need for workforce adaptability. India is ready for innovation with a high number of job postings for AI, digital, and green skills. With a 59% active AI deployment rate among companies, India stands as a global leader. It is leading in adopting new technologies.
Despite global challenges, India remains the second-largest destination for venture capitalism. Even though there has been a decline in VC. This reinforces its robust investment ecosystem essential for innovation and future-ready job creation. There is still room for improvement. The QS report highlights the need for enhancements in India’s higher education system. It particularly recommends equipping graduates with the skills most demanded by employers.
Key recommendations for India include increasing tertiary education supply. Also, adopting a modularized approach to higher education is another. Plus, fostering entrepreneurial mindsets, and focusing on green skills integration should be priorities. Strengthening industry-academia collaboration is pivotal to sustaining long-term growth. Boosting research and development investment will build competitiveness.
India has a unique position on the global stage. Its exceptional GDP growth, developing economy, and youth population are its highlighting features. To sustain this growth, it is crucial to equip the workforce with relevant skills. This is possible through comprehensive higher education reforms. AI is reshaping industries globally. India should align educational curricula with industry needs. This will ensure it remains at the forefront of economic transformation.
The workforce is evolving with sectors like renewable energy and healthcare experiencing growth. The focus on emerging technologies and sustainability is vital for India’s economic resilience. Between 2025 and 2030, India’s economy will grow at an average of 6.5%. This will put the country ahead of many competitor economies. Students, graduates, and workers need to keep up with the changing skill requirements.