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36% of India’s Workforce to Face Job Threat By 2022! Read Full Report

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36% of India’s workforce would Face Job Threat

You will be amazed to know that, nearly 36% of India’s workforce would Face Job Threat by the year 2022. The reason behind this drastic change is the combination of globalization, demographic changes, and new-age technologies. You may read the full report from here!


These major changes can lead India toward its developed state. If we talk about the jobs that are around us will be advanced and 37% of the employees positions will be changed that’ll require radically changed skill sets.

जानने के लिए पढ़े यहाँ - असली और नकली जॉब ऑफर को कैसे पहचाने

In the present changed scenario, IT-business process management (BPM) industry also faces the biggest challenges. Recent percentage of the employees that are facing the risk of having their jobs wiped out by 2022 is between 20% and 35%.

The $160 billion IT-business process management (OBPM) industry faces the biggest challenge in these changing times. Between 20% and 35% of the current employees in the sector are at risk of having their jobs wiped out by 2022.


Industry
Workforce deployed in jobs that do not exist
Workforce deployed in jobs with radically changed skills
Workforce facing an existential threat to their jobs (for 2017)
IT/BPM
10%-20%
60%-65%
20%-35%
Automotive
5%-10%
50%-55%
10%-15%
Textiles and apparel
5%-10%
35%-40%
15%-20%
BFSI
15%-20%
55%-60%
20%-25%
Retail
5%-10%
20%-25%
15%-20%

The following information is on the basis of questionnaires shared by Ernst and Young followed by the interview with the academics, business leaders and representatives from the various industries.


36% of India’s workforce would Face Job Threat

Scope of IT-BPM

If we talk about the historical growth rate of over 6%, the growth rate that the India’s IT-BPM sector requires is expected to be increased by only between 3% and 3.5% year-on-year to reach 4.5 million by 2022. Three quarters of the mentioned total jobs requires new skill sets.

(97%) of the 29 IT-BPM sector leaders included in EY’s survey believe that the employees can grab these opportunities only when they go for the re skilling and grasp all the latest methods.

This technology based jobs will open up in the areas like internet of things (IOT), machine learning, and artificial intelligence (AI). In the next five years, expectation about the skills in big data, the cloud, robotics, and automation is nine out of ten.


Industry
New job roles
IT/BPM
Computer vision engineer, AI research scientist, language processing specialist, cloud architect, android/IOS app developer
Automotive
Automobile analytics engineer, 3D printing technician, machine learning-based vehicle cybersecurity expert, sustainability integration expert
Textiles and apparel
Apparel data analyst/scientist, IT process engineer, e-textiles specialist, environment specialist, PLC maintenance specialist
BFSI
Cyber security specialist, credit analyst, robot programmer, blockchain architect, process modeler expert
Retail
Customer experience leader, digital imaging leader, IT process modeler, digital marketing specialist, retail data analyst
Note:

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