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By 2020, around 65 per cent of university graduates will work in jobs that don’t yet exist. Automation, driven by rapid advances in artificial intelligence, is also destroying repetitive, low-skill jobs, and changing the nature of most others.
Yet, as with all “creative destruction”, for every 20 jobs that will be lost from 2018-27, about 13 will be created, according to a 2016 research paper by Wilcocks and Laity. In India, the promised rich economic dividend that the country is demographically poised to reap depends deeply upon the quality of the future workforce. Therefore, the task of future-proofing the skills of our workforce assumes that much more import.
