*This is in partnership with BloombergQuint BrandStudio
According to the World Economic Forum (WEF), more than 50 percent of India's workforce will need to be reskilled by 2022 to meet the demands of the Fourth Industrial Revolution. Talent availability is also a critical factor for global businesses as they assess moving operations to India to save costs and service this huge emerging market.
Indian companies will also struggle to find people with the right skills, who match job descriptions in the new world of work. For instance, as fewer customers visit bank branches, banks won't need as many branch office staff as they need data scientists. This skills gap can choke India's growth potential and solving the problem requires concerted action by all stakeholders—the government, industry, educational sector and even you. We must find ways to reskill the current workforce and empower the next generation with skillsets for jobs of the future.
In this podcast we discuss this key issue of reskilling and its many facets, the state of reskilling in India today, hype versus reality, and upskilling and future skilling, which are closely related to reskilling. Ivor Soans, Editor-Special Features, Bloomberg Quint speaks to Sanchit Vir Gogia, CEO of Greyhound Research, a leading technology advisory firm. Listen in!
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