Technology is the key differentiator in enabling the future workforce
The Indian tech and digital space has been growing rapidly over the past decade and has fueled massive growth in India, catalyzed by the pandemic. This has not only enhanced the pace of technology adoption at the workplace but also greatly impacted schools, colleges, and career choices, bringing about levels of societal preparedness for the jobs of tomorrow in the country.
Nasscom estimates that the Indian IT industry will close FY21 with over 1,38,000 net new hires, taking the total employee base to 4.47 million with a projected revenue of USD 194 Billion. Digital transformation is expected to be at the heart of economic growth in India with “new-age” tech firms and high-skill exports gaining global market. Keeping this in mind, the big tech companies will play a major role in reviving and building the future workforce of the country.
The Indian economy is being boosted by unprecedented growth driven by tech. With the aim of enhancing employability of the youth, both the government as well as some of the larger tech companies, have realigned their goals to focus on initiatives that provide financial assistance, knowledge, training, and certifications to the current and future workforce in the country. For example, the e-commerce sector has been directly impacting millions of lives in India by providing means of financing, technology, and training for their businesses and also creating a favorable cascading effect on other industries. Technology enabled innovations like digital payments, hyper-local logistics, analytics driven customer engagement, and digital advertisements are likely to support the growth in the sector and boost employment significantly.
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