Team Blitz India
NEW DELHI: The Indian job market is estimated to witness 22 per cent churn over the next five years, with top emerging roles coming from AI, machine learning and data segments, a new study shows.
Globally, the job market churn is estimated at 23 per cent, with 69 million new jobs expected to be created and 83 million eliminated by 2027, the World Economic Forum said in its latest Future of Jobs report on May 1.
“Almost a quarter of jobs (23 per cent) are expected to change in the next five years through growth of 10.2 per cent and decline of 12.3 per cent (globally),” the WEF said.
According to the estimates of the 803 companies surveyed for the report, employers anticipate 69 million new jobs to be created and 83 million eliminated among the 673 million jobs corresponding to the dataset, a net decrease of 14 million jobs, or 2 per cent of current employment.
Regarding India, it said 61 per cent of companies think broader applications of ESG (environment, social and governance) standards will drive job growth, followed by increased adoption of new technologies (59 per cent) and broadening digital access (55 per cent).
Top roles for industry transformation in India would be AI (artificial intelligence) and machine learning specialists, and data analysts and scientists, it added.
