India Trying to Get Moving to Keep up with Advent of the 4th Industrial Revolution
Skilling millennials in disruptive tech will take India to USD 5 trillion mark
Excerpts and salient points ~
+ To make India a $5 trillion economy by 2024-2025 as the fourth Industrial Revolution or Industry 4.0 knocks at the door, the country urgently requires a renewed focus on skilling the youth in advanced technologies as robotics, Artificial Intelligence (AI), Internet of Things (IoT), 3D printing, data analytics and quantum computing.
India needs to step up the gas on creating the world’s largest pool of skilled people and become a technology powerhouse like China.
+ According to IT industry’s apex body Nasscom, the demand-supply gap for skills affected the industry’s performance in 2018, due to shortage of 140,000 skilled techies for 500,000 jobs in the industry across verticals. “Going forward, the industry will face a shortage of 230,000 skilled techies as jobs in AI and Big Data are estimated to be 780,000 by 2021,” Amit Aggarwal, chief executive of Nasscom’s IT-ITeS (IT-enabled Services) Sector Skills Council, recently told IANS.
+ According to Shashank Dixit, Founder and CEO, Deskera, high-quality jobs would typically help address all other societal problems in the country. To achieve this, the seeds have to be sown early – in the classrooms – the way China and the US are already doing and creating coders early in life for the future. “The Indian government needs to focus on building state-of-the-art facilities and bring reforms in the education ecosystem,” added experts.
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