By 2022, 9% Indians will be in jobs that do not exist today: Report
Indian job landscape is in transitionary phase, thanks to emerging technologies and by 2022, 9 per cent of the country's 600 million estimated workforce would be deployed in new jobs that do not even exist today, says a report.
According to the FICCI-Nasscom & EY report, there would be a job slowdown for the next two years as companies struggle to restructure their business models, and by 2022, the entire job landscape would undergo drastic change.
The report that highlighted the impact of globalisation, demographics, and exponential technologies on job landscape said by 2022, 9 per cent would be deployed in new jobs that do not exist today, while 37 per cent would be in jobs that have radically changed skill sets.
Jobs of 21 per cent of workforce in 2017 would face "existential threat", the report noted.
"The adoption of exponential technologies is disrupting industries by creating new markets and India is at the cusp of this change," said Anurag Malik ...