India's Workforce Poised for a Viksit Bharat by 2047: Insights from QS
Click to start listening
Synopsis
The Indian workforce is ready to lead the nation towards becoming a Viksit Bharat by 2047. Senior QS officials highlight India's readiness in emerging technology skills, showcasing its growth and potential for economic advancement.
Key Takeaways
- India ranks second in the QS World Future Skills Index.
- The workforce is prepared for the future job demands.
- Government policies have transformed India from brain drain to brain gain.
- Emerging technologies like AI are crucial for GDP growth.
- Investments in skilling initiatives empower millions.
New Delhi, Jan 17 (NationPress) The skills-ready Indian workforce is set to propel the nation towards becoming a ‘Viksit Bharat’ by 2047, potentially even sooner. Senior officials from the UK-based QS World University Rankings, the leading global higher education network, informed IANS that India has emerged as one of the most equipped labor markets for high-demand skills in emerging technologies.
In the inaugural ‘QS World Future Skills Index’, India secured the second position, following the US and outperforming countries such as Canada and Germany.
Dr. Ashwin Fernandes, Executive Director at Quacquarelli Symonds (QS), emphasized that skepticism regarding India's potential has been addressed with this significant global ranking, indicating that the Indian industry and workforce are prepared to fulfill future job requirements.
“The 2020 National Education Policy is strategically positioning India for the future of work. Over the past decade, we have witnessed how under Prime Minister Narendra Modi's guidance, policies have transitioned the nation from a ‘brain drain’ to a ‘Brain Gain’ scenario,” Fernandes stated to IANS.
“India is now recognized not only as a leader in the Global South but also actively engaging with its diaspora, many of whom hold significant roles in workforces globally,” he added.
The Indian diaspora has aided various nations in transforming their economies. With the ongoing ‘brain gain’, “we anticipate even greater economic advancements. This is a promising era for Atmanirbhar Bharat and the vision of a Viksit Bharat by 2047, hopefully much earlier,” Fernandes remarked.
The ‘QS World Future Skills Index’ highlights India as a highly prepared job market for future in-demand skills in emerging technologies.
Jessica Turner, CEO of QS, noted that India’s skilling initiatives over the past decade have been transformative.
“Programs like Skills India and Startup India have empowered millions, addressing the gap between education and employment by emphasizing digital strategies, entrepreneurship, and vocational training,” she explained to IANS.
She also pointed out that emerging technologies such as AI and semiconductors are poised to significantly drive India's GDP, with investments stimulating innovation.
“The enhancement of manufacturing capabilities alongside attracting substantial foreign direct investment (FDI) is crucial. We estimate that AI adoption alone could contribute an additional $500 billion to India's GDP this year, largely through productivity improvements,” added Turner.
