Job threat looms over 21% Indians by 2022, says FICCI report


New Delhi: With the job scenario on both Indian and global front changing fast, a report on future job projection in the country by Federation of Indian Chambers of Commerce and Industry (FICCI) released on Friday stated that about 21 percent of the present workforce employed in India will face job threat by the year 2022.

The 132-page document however said that about nine percent of the workforce will be employed in sectors presently nonexistent while 37 percent will be working in fields which demand thoroughly changed skill sets. Besides, 54 percent of the Indians will remain in the unchanged job category.

According to the report, employees in the IT sector are likely to be the biggest losers of jobs and will need to reinvent in terms of new sets of skills in order to stay safe. The report estimates that some more trending jobs in the sector would be data scientists, wireless network specialists, data architects.

Since the country boasts of being the largest hub of online workforce, about 24 percent, jobs in internet and exponential technologies are likely to emerge like never before, the report said, adding that technology aggregator sector like that of ‘Uber’ will also generate huge employment opportunities.

Stating that the causes of changes in job scenario is due to numerous factors including changes in demography, globalisation, the report suggested policymakers to utilise time window of two to three years to bring about reforms general, technical, and vocation education system in mission mode and introduce more skill-based education in the curriculum.

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