Samir Saran| Terri Chapman| Rakesh Kumar Sinha|Suchi Kedia|Sriram Gupta
The future of work in India is uncertain, but full of opportunities. This report attempts to answer key questions around the present and future of transformative technology in India and its impact on job creation, workplaces, employment trends and relations, and the nature of work itself.
Our research reveals that companies in India are optimistic about the future and are open to the possibilities presented by new technologies and digitisation. This optimism is likely to stimulate innovation and adoption of new technology and drive transformation, growth and progress. This report sets out a roadmap for an inclusive future of work in India that capitalises on the opportunities presented by technological disruption and digitisation. By using the opportunities at hand, India can:
- Generate sufficient new employment opportunities for the existing and growing labour force.
- Create decent jobs with better wages, security, protections and safety, necessary for improving individual and household welfare and well-being.
- Ensure equal opportunities for women, youth and other marginalised communities previously unable to participate equally in the paid economy.
- Establish an ecosystem better equipped to prepare the workforce for changing skill and educational requirements.
- Create of an inclusive policy environment which balances the need for job creation with the interests of workers.
This report outlines findings from the Future of Work, Education and Skills Enterprise Survey. Data was collected from 774 companies in India, from micro-sized firms to those employing more than 25,000 workers. It presents findings on the pace of technological adoption and digitisation among Indian companies, and its impact on job creation, displacement and nature of work. In addition to the effects of the changing nature of jobs on wages, contracts, protections and security. Finally, the report includes recommendations on policies, programmes and action needed for India to leverage the possibilities of technological disruption, manage the associated risks, and enhance its preparedness for the future of work in the digital age.
To read the full issue, click here.
Suchi Kedia is Community Specialist, Regional Agenda — India and South Asia, World Economic Forum.
Sriram Gutta is Community Lead, Regional Agenda — India and South Asia, World Economic Forum, Geneva.