Job scenario: Indian employers hoping to outpace others in chips, computing tech
Live MintIncreased digital access, geopolitical tensions and climate-mitigation efforts are the primary trends expected to shape the future of jobs in India by 2030, the World Economic Forum said in a report. The report said the global workforce needs to upskill themselves urgently if they want to remain employed, estimating a net increase in 78 million jobs in the next five years. Skill set gaps biggest hurdle According to WEF, while skill set gaps remain the biggest hurdle for employers, artificial intelligence will play a key role in reshaping business models. "Trends such as generative AI and rapid technological shifts are upending industries and labour markets, creating both unprecedented opportunities and profound risks," said Till Leopold, head of Work, Wages and Job Creation at the World Economic Forum. The study found that roles such as cashiers and administrative assistants remain among the fastest declining but are now joined by roles including graphic designers as "generative AI rapidly reshapes the labour market".