What India should do to bridge skilled manpower shortage in infra
India's population growth and economic development requires robust infrastructure in roads, railways, aviation & ports etc. There has been emphasis on balanced development in all sectors of infrastructure whether it is roads, railways, ports, real estate, water, aviation, energy or even buildings of national importance. India on cusp of returning to high growth trajectory, will become world’s third largest economy by 2027-28 as mentioned by Arvind Panagariya, Eminent economist.
India's goal of achieving a $5 trillion economy by 2025 can be met by promoting quality and time-bound development plans. According to IBEF report, the infrastructure sector in India is predicted to grow at a CAGR of 8.2 per cent by 2027. Signifying the need for robust enhancement of the sector, the government has also allocated Rs 10 lakh crore in the Union Budget 2022-23.
The truth remains that with the anticipated pace of infrastructure development, growth of skilled manpower will be the key. New technologies will reshape millions of jobs. Technology will be enabler for creating new types of jobs, digital technologies will change the ways of doing the job.
Jobs requiring a combination of digital and non-cognitive skills is expected to tend to be better in demand. This will lead to a surge in the activities in the infrastructure sector resulting in increased employment opportunities. The big question remains is that whether India, having second largest network of road and rail with provision of continuous expansions in capacity, has enough resources in terms of skilled manpower to contribute and continue with the anticipated pace of development in years to come.
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