India in QS World Future Skills Index

Recently, India has been recognised as the second most prepared job market globally, following the United States, according to the QS World Future Skills Index. This inaugural index evaluates countries based on their readiness for future job demands, particularly in key sectors such as Artificial Intelligence, digital, and green industries. India’s strong performance marks both its potential and the challenges it faces in aligning education with industry needs.

QS World Future Skills Index

The index assesses countries on four main indicators – Skills Fit, Academic Readiness, Future of Work, and Economic Transformation. India ranks 25th overall but excels in the Future of Work category, scoring 99.1, just behind the US.

Key Strengths of India

India is noted for its robust GDP growth, youthful population, and vibrant start-up culture. It is identified as the most prepared nation alongside Mexico for recruiting in digital roles, showcasing its strong potential in emerging job markets.

Challenges in Higher Education

Despite its strengths, India faces challenges in higher education and industry collaboration. There is a need to enhance partnerships between educational institutions and industries to better equip graduates with in-demand skills.

Innovation and Sustainability Issues

India scored low on Future-Oriented Innovation and Sustainability metrics, indicating a need for improvement in sustainable practices and innovative solutions. Addressing these areas is crucial for long-term growth.

Demographic Advantage

India’s youthful demographic is asset, providing a dynamic workforce ready for future challenges. This contrasts with many countries facing ageing populations, positioning India favourably for growth in various sectors.

Recommendations for Improvement

To unlock its full potential, India must focus on deeper integration between education and industry, encourage innovation, and expand access to higher education across diverse regions. These steps are essential for preparing a future-ready workforce.

Future Outlook

India’s ranking in the QS index marks its capability to prepare for the future job market. With continued efforts in education, sustainability, and innovation, India is poised to become a leader in digital, AI, and green sectors.

Month: Current Affairs - January, 2025

Category: Economy & Banking Current Affairs