More and more individuals are looking at upskilling opportunity: report

economictimes.indiatimes.com:

upskilling opportunities that match specific requirements and this presents an opportunity to add over one hundred million people to the workforce, increase the GDP and propel the Indian economy towards $4 trillion, according to a report.

These findings were recently shared by Omidyar Network India (ONI) in its report, The Next Frontiers: Skilling and Employability Solutions for the Next Half Billion, with Redseer. The report explores the opportunity of skilling and employing a vast group of people who are entering the workforce in diverse ways. This comes at a critical time when India is already home to a steadily growing work-ready population that is expected to increase till 2049, given our demographic dividend. Meanwhile, our workforce participation is still low at 46%, and especially low for women at 27%. This makes it clear that opportunities for work and skilling for those opportunities need to work hand in hand.

The report drills down into a subsegment of the workforce market that it estimates to be about 580 million. The report suggests that the skilling solutions need to be granular to really benefit these different personas and their needs.

Of these diverse personas, it highlights the potential demand for upskilling for about 230 million people who are in search of better jobs.
These include, according to the report’s definition:

Tech disruption across organisations leading to more focus on skills: Martine Ferland

• Skilled Aspirers — moderately high-skilled blue/grey collar workers under 30 years of age
• Tenacious Strivers — like skilled aspirers working in low-semi skilled jobs
• Home-based entrepreneurs — under-30 women who have or would like to start a home-based business

Different cohorts