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Hn_Ani_Delhi_Sumitha_Dawra_On_New_Labour_Code_19-41-57
ETVBHARAT
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1/15/2025
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00:00
Indians engaged in economic activities as of now in India, as per provisional estimates
00:05
of RBI.
00:06
In this context, we wanted to have a discussion today on how work landscape is going to look
00:13
in the next five years, next 10 years as we go ahead, particularly with the global changes,
00:19
with the geopolitics, with the various challenges of new technologies.
00:25
We very much appreciated the growth in the global capability centers, for example, which
00:31
is evidence that India has the technologically qualified labor force, which is attracting
00:39
the MNCs to set up global capability centers in the country.
00:44
And in that context, we discussed how the job market is going to look with respect to
00:48
green jobs, in the tourism, hospitality sector, health sector, in smart manufacturing.
00:54
What are the skills we need to equip our youth with as we go ahead, so that they remain
00:58
employable, they remain productive, and there is more job creation in the country to meet
01:04
the aspirations of a growing country?
01:06
One more question, I realize.
01:09
AI is a huge disruptor for a lot of industries, or will be eventually.
01:15
And you're talking about this utopian phase that we might reach.
01:19
What kind of skilling and upskilling are we going to see in the next couple of years
01:24
for our youth to really be future ready?
01:27
That's very interesting.
01:28
And today's presentations by industry made it amply clear that whether we are talking
01:34
of smart manufacturing, or electronics manufacturing, or green jobs, or logistics, or even tourism
01:40
and healthcare, everywhere, skilling in digital technologies, skilling in the latest technologies,
01:47
AI driven virtual reality, all these are playing a very big role in creating the need
01:52
for new skills and new job opportunities.
01:55
So we are very optimistic that skilling in the right direction, which matches the demand
02:01
in the labor market, is definitely going to meet the need for job opportunities in the country.
02:07
And is there any trend where you've seen that because of AI, especially in the IT sector,
02:12
we've seen a lot of layoffs happening recently, emphasis, TCS, the likes.
02:18
Is that a trend because of AI?
02:21
Is that something the environment ministry has seen?
02:24
When we look at our data, we see that there is a high attrition rate, and people move
02:29
from job to job.
02:31
And that is not necessarily a bad thing, because there are opportunities.
02:36
And we do see a lot of them rejoin.
02:39
When we look at EPFO data, there is attrition rate, there are rejoinees, there's a growing
02:44
job market, there's growing formalization in the economy.
02:47
So I would still say that AI and technology is creating a shift in the job opportunities,
02:56
and that is where we need to meet that challenge and create opportunities.
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