The Global Labor Market Conference (GLMC) reported that more than 70% of Indian professionals are actively looking for opportunities to upskill, making India a global leader in technological adaptability.
The report highlights India’s crucial position in the Global South’s reaction to automation and artificial intelligence, highlighting the nation’s workforce as leaders in technology adaptation and skill development.
The paper, titled Navigating Tomorrow: Mastering Skills in a Dynamic Global Labor Market, discusses the dynamic nature of the Indian labor market and how automation, machine learning, and artificial intelligence are becoming essential.
One of the top international forums for labor market information and workforce development is GLMC.
With 55% of Indian workers worried that their abilities may become partially or completely obsolete in the next five years, the report also found that workers in India share the urgency of reskilling due to technology improvements.
This puts India in step with the worldwide trend, as 60% of Chinese and 61% of Brazilians voice similar concerns. In contrast, established markets like the UK and Australia had lower percentages, at 44% and 43%, respectively.
The research also said that one of the factors contributing to the increase in skill development in important areas is climate change. Climate change is a major driver of upskilling or reskilling in India, with 32% of respondents citing it as a factor affecting their reskilling decisions in the next five years. In contrast to nations like the UK (14 percent) and the USA (18 percent), where climate change has a somewhat lesser impact on skills development priorities, this is in line with nations like China (41 percent), Vietnam (36 percent), and others.
It’s interesting to note that the report concluded that education and training systems must improve their ability to adjust to the changing demands for skills. Among nations, respondents from China (36%) and India (28%) expressed the greatest displeasure.
About 19% of respondents believed that the current educational system was not up to date with the new skills context. This opinion was especially prevalent among younger respondents (21%), as well as among a larger percentage of the most educated respondents (20% with a bachelor’s degree and 24% with a master’s or doctoral degree).
Globally, there are still obstacles to reskilling or upskilling, with time constraints (40%) and money constraints (38%) being the biggest issues mentioned by Indian respondents. Similar trends can be seen in South Africa, where 45% and 42% of respondents, respectively, mention time and money restrictions, and Brazil, where 43% and 39%, respectively, describe these obstacles.
Respondents in developed markets such as Norway and the UK, on the other hand, report fewer challenges. In Norway, only 27% and 28%, respectively, cite time and money constraints, but in the UK, the numbers are 31% and 24%, indicating the influence of more robust support networks in these nations. These variances demonstrate how accessibility and institutional support vary by location in the world.
Remarkably, when it came to upskilling help, respondents from Saudi Arabia (35%) and India (31%), respectively, showed greater faith in their governments. Around the world, only 20% of people trust that the government will help upskilling.
INDIA’S SKILL PATTERN
- Within the next five years, 55% of Indians worry that their abilities may become entirely or partially obsolete.
- 32% of respondents believe that decisions about reskilling are being influenced by climate change.
- 38% of Indians believe that money is the largest obstacle to reskilling or upskilling, while 40% point to a lack of time.
Also read: Viksit Workforce for a Viksit Bharat
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