India Ranks 2nd in Future Work Skills: QS Index
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Synopsis
India is recognized as a leading job market for future skills in emerging technologies, ranking 2nd in the Future of Work category according to the QS World Future Skills Index. The findings underscore the nation's readiness to adapt and flourish in a rapidly changing economic landscape.
Key Takeaways
- India ranks 27th overall in the QS Skills Index.
- Second in the Future of Work category, just behind the US.
- Significant improvement in skills fit, academic readiness, and economic transformation.
- Emphasis on the integration of AI and green technologies.
- Need for higher education reforms to sustain growth.
New Delhi, Jan 16 (NationPress) The QS World Future Skills Index has placed India among the top job markets poised for future essential skills in emerging technologies. India ranks 27th overall in this inaugural QS Skills Index. The nation has made significant strides in three critical categories: 37th in skills fit, 26th in academic readiness, and 40th in economic transformation.
In the Future of Work category, India secured the second position, only behind the United States. These results reflect the effectiveness of India’s decade-long skilling initiative.
The findings of the Index are derived from an evaluation of 190 countries, analyzing over 280 million job postings, demands for skills from more than five million employers, assessments from over 5,000 universities, and 17.5 million research papers.
India's performance in incorporating AI into the workforce highlights its readiness to embrace AI, digital, and green technologies ahead of numerous other countries.
Matteo Quacquarelli, vice president of strategy and analytics at QS, stated, “India's remarkable GDP growth, emerging economy, and youthful demographic uniquely position it on the global stage.”
To maintain this growth trajectory, Quacquarelli emphasized the necessity of “equipping the workforce with relevant skills through comprehensive higher education reforms.”
The report also indicated that India continues to be the second-largest hub for venture capital (VC) in the Asia Pacific region.
This achievement persists despite global challenges, such as a downturn in VC funding. The report reinforces the country’s “robust investment ecosystem vital for innovation and future-ready job creation.”
Furthermore, the QS report underscores the pressing need for advancements in India's higher education system, especially in providing graduates with the skills most sought after by employers.
It recommended actions in essential areas like education, entrepreneurship, and the integration of green skills to enhance India’s standing.
The report also highlighted the significance of fortifying industry-academia partnerships and increasing investment in research and development to ensure sustained long-term growth and competitiveness.
