- Upskilling has the potential to create 5.3 Million new jobs by 2030 and will help in a more inclusive and sustainable global economy.
- The report was released during WEF’s The Davos Agenda 2021.
- With proper upskilling & reskilling initiatives, India has the capacity for GDP gains equivalent to 6.8% of total GDP.
Key Points:
- Reskilling & Upskilling will help people to get equipped with experience and skills needed for jobs created by the Fourth Industrial Revolution, they will boost Global productivity by 3% on average by 2030.
- The report states that there is a disconnect between the current education programme & skill that employers are looking for hiring.
- Upskilling i.e Learning new skills will be the key to recover from COVID-19.
- The report states that India has the 2nd Highest additional employment potential at 23 Lakhs, after the USA which has the potential to generate 27 lakh jobs.
- 38% of additional GDP is set to be created in the business services & manufacturing sectors.
Click here to read the full report
Recent Related News:
i.According to the Third Edition of “The Future of Jobs Report 2020” released by the WEF, COVID-19 and Technological Advances will disrupt around 85 Million Jobs by 2025.
About World Economic Forum (WEF):
Founder and Executive Chairman – Klaus Schwab
Headquarters – Cologny, Switzerland
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