Wheebox Unveils India Skills Report 2024: "Impact of AI on the Future of
Work, Skilling & Mobility"
New Delhi [India] Published : December 19, 2023
Wheebox Unveils India Skills Report 2024. The report states that:
"Impact of AI on the Future of Work, Skilling & Mobility." This eleventh
edition, based on the extensive Wheebox National Employability Test (WNET)
with 3.88 lakh participants and insights from 152 corporations, unfolds key
highlights that underscore India's leadership in the AI domain.
The
extensively insightful report reveals that India boasts a global leadership
position in AI skill penetration and talent concentration, earning an
impressive score of 3.09. With an installed talent base of 416K AI
professionals as of August 2023, the nation is well-poised to meet the
current demand of approximately 629K, a figure expected to surge to 1
million by 2026.
In India, the overall young employability has
improved to 51.25% over the previous year. Among states with large talent
pools, Haryana, Maharashtra, Andhra Pradesh, Uttar Pradesh, Kerala, and
Telangana have the highest concentration of highly employable youth.
Specifically, Haryana leads with 76.47% of test takers scoring 60% and above
on the WNET. In the age range of 22 to 25 years, Uttar Pradesh stands out
with the highest talent concentration at 74.77%, followed closely by
Maharashtra at 71.97%. Additionally, the overall employability rate within
this age group across the top 10 cities is 63.58%.
Some other data
points that can be used for your story as per your interest are the
following:
Male/Female Employability: The ISR findings illuminate a
significant rise in female participation in the workforce, surging from last
year's 33% to an admirable 36%. This positive trajectory represents a
noteworthy stride in fostering gender equality. While the Female Labour
Force Participation Rate has risen to 37% in 2022-2023 from 23.3% in
2017-18, female employability has dropped. 50.86% of females were found to
be highly employable resources nationwide, a drop from last year's 53.8%
female employability ratio. Haryana was reported to have the highest
concentration of highly employable females who are prepared for the
workforce at 49.58%, while Andhra Pradesh state came in second with 39.96%.
Employability across domains: Percentage of candidates from the
Information Technology domain were found to be highly employable with 68.44%
scoring above 60% on the WNET test across all regions. Computer science
graduates were second most employable with 66% in this domain found highly
skilled.This is a promising statistic for India's IT industry's demands
entering 2024. 64.67% of graduates in BE/BTech test takers were found highly
employable while 64.63 MCA candidates were also found highly employable,
identifying the talent availability of qualified engineering and computer
applications talent among India's Youth.
Overall improvement in
English communication: Karnataka is the state with the highest availability
of English skills with 73.33%, followed by Uttar Pradesh at 68.75% and
Kerala at 61.66% availability of English as a Second Language Uttar Pradesh
and Maharashtra follow closely, showcasing a diverse geographic spread of
English proficiency.
Vocational education gathering steam: Andhra
Pradesh is offering Vocational Training in 31 Engineering and
non-engineering trades.In Gujarat, Vocational training is offered in 132
Engineering and non-engineering trades, comprising 79 trades in the NCVT
pattern and 53 trades in the GCVT pattern
New age Industries adopting
AI: Healthcare: AI is transforming healthcare through predictive analytics,
personalized medicine, and improved diagnostics Automobile: Autonomous
vehicles and AI-driven logistics are reshaping transportation and supply
chain management
Legal: Predictive analytics assist in assessing case
outcomes and legal risk, making legal services more efficient.
According to Mr. Nirmal Singh, Chief Convenor of India Skills Report, and
Founder and CEO, Wheebox, "Today, as we unveil the India Skills Report 2024,
I extend my deepest gratitude to all who contributed to this insightful
exploration of our nation's AI landscape. India's potential to lead the
global AI revolution is evident in the significant strides we've made,
coupled with the vibrant IT landscape that defines us. Navigating this
transformative journey requires addressing challenges with a focus on
inclusion. Collaborative efforts among government bodies, businesses, and
educational institutions are paramount, as witnessed in successful youth
upskilling initiatives and advancements in our digital infrastructure."
He further added, "Investing in AI extends beyond technology; it
signifies our commitment to a more inclusive and prosperous future. India's
allure for foreign investments in IT and business catalyses our dreams of a
digital tomorrow. The AI revolution is our call to shape a people-first
economy, lead in innovation, and pioneer a future where technology and
humanity harmoniously coexist. The government's commitment to AI-driven
economic transformation is evident through proactive initiatives like the AI
Task Force and NITI Aayog's 'National Strategy for AI.'"