BS Manthan: Can India’s Upskilling Drive Secure Job Market Future?

As the society shifts towards adopting newer advanced forms of technology, the world of work is drastically changing. India is one of the leaders in the change due to is booming economy and swift innovation. Business Standard will host the BS Manthan summit where various stakeholders will share knowledge and participate in a discussion on the ‘Future of jobs’ during the second annual BS Manthan summit.

The Taj Palace in New Delhi will be the venue for the two-day event which is scheduled from February 27-28. The event comes at a very critical phase when India is improving its position in the job market by leveraging innovations and changes in AI, hybrid work arrangements, and focus on upskilling in a bid to become a talent hub by the year 2030.

The panel speakers will include Sumita Dawra, Secretary, Ministry of Labour & Employment; Radhicka Kapoor, Senior Employment Specialist, ILO Decent Work Technical Support Team (DWT) for South Asia; and Hiranmay Pandya, All India President, Bharatiya Mazdoor Sangh.

Changes to The Employment Structure in India

A significant layoff took place in 2024 in India. Many sectors suffered, as many big tech companies scaled down. On the other hand, the country is optimistic about the future of India’s job market. The government is actively focusing on digital literacy and skill development while policies such as the National Education Policy seek to prepare the workforce for new as well as emerging industries.

AI and automation: Challenges and opportunities

As we know, India is not an exception as AI is transforming many sectors across the globe. Even though the introduction of AI brought disruption alongside its benefits, new job opportunities focusing on AI production, maintenance, and management presented themselves. Newer studies suggest that AI will create more jobs than it will cause displacement in, especially in the data science, cybersecurity, and digital marketing realms.

Innovation and export potential

The lack of innovation in export makes it one of the most concerning aspects of the Indian job market AI especially when compared to its peers. Indian firms have started to develop strategic AI solutions technology which can be marketed around the world. India’s global goal is to become a top destination for technology innovation, this goal can be achieved if Indian tech startups collaborate with international leaders in the field.

Main players collaborating on this industry, like as Infosys as well as Wipro, alongside TCS are investing far more in AI, cybersecurity, and the digital transformation space. The initiatives undertaken by the government to promote digital literacy coupled with innovation centers being set up across the country are encouraging this growth even further. Jobs in India looks to be increasingly promising – and so does the skills development and innovation focus along with tremendous investment in the tech industry by 2030.

BS Manthan Details: About As And When The Firm Came Into ExistenceAnd With The Future Business Plans It Had Created In 2024, The Whole Vision Of The Firm Was To Launch A Discussion Forum In Which People From Different Sectors Can Share Their Views Regarding Business, Industry, And Policy – Hence The Name “BS Manthan”, From Its Second Edition, The Summit Has Continues To Foster Conversations On Challenges And Opportunities Of Global Significance In India. This time, it will take place on February 28 And The Panel Discussion Will Focus On How India Should Monetize Its Talent And Sustain Innovation To Boost Its Growth And Become A Powerhouse Of The Future.