New Delhi, Jan 24 (NationPress) The introduction of a new skills accelerator in India fortifies a worldwide network of 45 national accelerators that have collectively aided 14.8 million individuals, according to the World Economic Forum (WEF).

In a significant announcement regarding global commitments to invest in skills development for workers, the WEF indicated that these accelerators unite government, business, and civil society to convert global insights into localized actions focused on employment, skills development, and inclusive economic growth.

“The India Accelerator will prioritize overcoming barriers to equitable skilling,” the Forum stated, as its 56th annual meeting in Davos-Klosters, Switzerland, wrapped up successfully.

The Forum noted that national efforts within the network are directed at cultivating skills for the new economy in areas such as human-centric capabilities, AI and digital technologies, sustainability, trade, vocational pathways, and business fundamentals.

The Reskilling Revolution initiative is on course to reach over 850 million people globally, approaching its goal of providing 1 billion individuals with improved access to skills, education, and economic opportunities.

Among the commitments made under the Reskilling Revolution, more than 25 technology companies have vowed to assist 120 million workers with AI access, skills training, and job pathways.

Simultaneously, India has initiated a new national skills Accelerator, aimed at swiftly scaling industry-aligned training to enhance employability for millions of workers.

With the rapid evolution of artificial intelligence, geo-economic changes, and the energy transition reshaping global labor markets, preparing workers for the future economy has become a pressing global priority.

The new commitments encompass corporate pledges, university-employer collaborations, and national skills accelerators centered on reinventing how individuals enter the workforce, transition between jobs, and maintain employability in an economy increasingly influenced by AI, the Forum highlighted.

"The global economy is experiencing its most profound transformation in decades. However, the future of work is not predetermined. How it unfolds for workers depends on opportunities for learning, support for job transitions, and encouragement for entrepreneurship,” stated Saadia Zahidi, Managing Director of the World Economic Forum.

“Today’s announcements signify decisive action – rallying education providers, employers, and governments to ensure that the future of work presents opportunities for everyone,” Zahidi concluded.