India Needs 30 Million Digitally Skilled Professionals by 2026

India Needs 30 Million Digitally Skilled Professionals by 2026

India will need 30 million digitally skilled professionals by 2026, and about half of the current workforce would require to re-skill themselves in areas of emerging technologies, according to a report by employment services provider TeamLease.

At present, India has about 500 million people of working age, and industry data suggests that only 49% of total youth (age group of 22-25 years) in the country is employable. The TeamLease Services’ survey indicates that 75% of companies face a skill gap in the industry. Even among people who can stay in their current jobs, 40% of fundamental abilities are likely to change and, thus, re-aligning the skill strategy will be crucial for companies, it adds.

Over 2 million jobs in Artificial Intelligence, Cyber Security, and Blockchain are expected to remain unfilled in 2023. In addition, the workplace is evolving so rapidly that 76% of the global workforce is not equipped with the requisite skills to function in the new digitally focused workplaces, the report said.

The report suggests that by developing a skills matrix, carrying out skill audits directed at specific learning journeys and intermingling upskilling within the company culture, a comprehensive skill development strategy can be created to lead to a more sustainable work future.