Nearly 69 per cent of jobs in India are under threat from automation
The report was published by Forrester
Report Title: Future Of Jobs Forecast, 2020 To 2040 (India, China, South Korea, Australia, And Japan)
India’s workforce is young, with an average age of 38, and its working population will grow by 160 million over the next 20 years,” said Michael O’Grady, principal forecast analyst
In addition, India’s labour force participation rate, which measures the share of the working-age population currently working, has dropped to just 41 per cent, he added
By 2040, 63 million jobs are expected to be lost to automation, with more than 247 million jobs expected to be in jeopardy across industries that are more susceptible to automation, such as construction and agriculture
India, China, South Korea, Australia, and Japan will create 28.5 million new jobs in renewable energy, green buildings, smart cities and smart infrastructure, and professional services by 2040
By 2040, China will see its working population decline by 11 per cent, and 7 per cent of jobs will be lost to automation
“Job growth in the ICT industry will help offset automation job losses, with 3.8 million additional new jobs created by 2040,” said the report
Due to an aging workforce and the country’s low birth rate, between 2020 and 2040, Japan’s working population will contract by 19 per cent