Indian industry has critical role in job creation & skilling: Amitabh Kant

New Delhi, Sep 16 (KNN) Amitabh Kant, CEO, NITI Aayog has underscored the critical role of Indian industry in job creation and skilling as compared to the norm worldwide where skilling and job creation are led by the private sector.

Kant was speaking as the chair of the session on ‘Future Skills: Technology, Jobs and Talent’ at the ninth edition of annual flagship skills conference, Global Skills Summit (GSS) organized by FICCI in association with the Ministry of Skill Development and Entrepreneurship, where the keynote address was given by Sharad Sharma, Co-Founder, Ispirt Foundation.

Sharma said that Industry 4.0, the next phase in digitization in the manufacturing sector driven by technological disruptions will negatively impact the job market with many jobs as we know them will disappear.

Sharma added “Only three sets of jobs will survive in the 4^th industrial revolution – ‘whole mind’ jobs such as product innovators and civil architects; sub-robo semi-skilled ones which pay less than $4 per hour and jobs such as those generated by barista coffee and nursing.”

He said that with the emergence of the dark side of the job market scenario, it would be difficult to imagine a future where full employment as an economic concept will remain valid. In fact, it will disappear. (KNN Bureau)