The black hole in employment – technology can only bridge the gap!

The key to being a truly independent nation is to use the power of technology to democratize education and enable young people with job skills. Providing the necessary skills and knowledge to both men and women will further contribute to increasing our nation’s GDP. However, the reality seems to be different and the same is highlighted in recent data published by the Indian Economic Observatory (CMIE), which shows that the overall employment rate fell from 46% to 40% between 2017 and 2022. For women the data is even astounding. About 21 million have disappeared from the workforce, leaving only 9% of the eligible population in jobs or jobs. Although they make up 49% of India’s population, women contribute only 18% of its economic output, about half of the world average.

Global technology megatrends, demographic change and migration, combined with globalization, have already begun to show their impact with the loss of some jobs and the creation of new opportunities. There is a large mismatch between the jobs available and young people with the necessary skills for the job. In addition, a significant number of future jobs will be unpredictable and will require a different set of skills than those shown by most graduates today. More needs to be done to equip students with the functional / technical or behavioral skills they will need if they are to build a successful career.

We can no longer dismiss the importance of skills. especially when it comes to technology, where human-machine interactions, Web 3.0 and brand building in The metaverse are evolving at breakneck speed. The most popular topics are Metaverse, NFT and Cryptocurrency on the Internet and most brands have either started working on it or have plans to raid it.

Following this trend, there is a jump in jobs as well as courses in technology areas, including Blockchain, Full Stack Development (FSD), Big Data, DevOps, Cybersecurity and Cloud Computing. This is evident from the growing number of subscriptions we have witnessed by female coders for our technology offerings. This trend will only accelerate next year as India prepares to launch its first digital currency using Blockchain technology in fiscal year 23. Such evolving circumstances and innovations allow for newer stages every day and therefore give us more reasons to celebrate National Technology Day every year with more zeal and excitement. This year’s theme recognizes the integrated approach to science and technology for a sustainable future, which has indeed become a single goal for companies from different industries to promote a green future for all and sundry. Adapting to newer technological trends, skills and Web 3.0 is vital today and age. Whether it’s solution development, automation or just learning about the latest technologies and their applications.

As a senior leader at EdTech, it is our responsibility to align today’s workforce with cutting-edge skills and knowledge in the field that will help them achieve maximum career results. We work in a time when technology allows personalized options for skills development and learning through synchronous and asynchronous learning – live lessons, video-based series and online courses in long format. When we say technology, it’s not just a learning platform. It is the machine that makes training available online and that gives us a competitive advantage over our competitors, nationally and globally. To break it down, technology solves the problem of creating content, providing content, getting feedback from users / learners, and repeating the process. The whole cycle of creation, delivery, result and feedback is with technology. It helped us to solve the problems with the accessibility of the content in the different regions and significantly supported us in directing the personalization according to the career aspirations of the students in order to provide them with significant career results.

Similarly, various training programs are focused on these highly sought-after skills that will help fill the talent gap for employers and increase the employability of the existing talent pool in India. In the long run, global companies will be looking for talent from our country and we must be prepared for it to become a global destination for advanced skills.



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The views expressed above are those of the author.



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