Summary: 

India is set to lead in adopting future technologies like AI, robotics, and energy technologies, according to the World Economic Forum’s report. It shows that 35% of employers believe semiconductors and computing will transform operations, while 21% expect quantum and encryption technologies to have a similar impact. The report also highlights India’s shift toward skills-based hiring, meeting the growing demand for AI, big data, and security professionals.

The report predicts major changes in the global job market, with India and Sub-Saharan Africa supplying two-thirds of new workers due to demographic shifts. It estimates 170 million new jobs by 2030, driven by technology, geopolitical issues, and climate action. Some jobs, like farm workers and caregivers, will grow, while roles like cashiers and assistants will decline due to Generative AI. The skills gap remains a challenge.

Source: IBEF

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