Wheebox Unveils India Skills Report 2024: "Impact of AI on the Future of Work, Skilling & Mobility"
- Report projects AI professionals demand to reach 10 lakhs by 2026
- Actionable insights on academia-industry-government collaboration to align with AI trends
- Haryana, Maharashtra, Andhra, UP, Kerala, and Telangana have the highest concentration of highly employable youth
- Report based on assessment of 3.88 lakh participants and insights from 152 corporations
Gurugram, December 20, 2023: Wheebox, a leading firm in remote proctored assessments and consulting
services, today released the ‘India Skills Report 2024’, spotlighting the
transformative impact of Artificial Intelligence (AI) on the nation's workforce
under the theme, "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.
The WNET employability survey in the India Skills Report 2024 reveals
nuanced trends and demographic transformations among the nation's employable
youth, offering profound insights into their evolving expectations. 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%.
These findings underscore the regional variations and demographic factors
influencing the employability landscape in India.
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.'”
With Technology evolving so rapidly, the true differentiator in learning
science is how it is applied and amplified through personalization, analytics,
intuitive interpretations, and actionable insights which cannot be achieved
without AI. As the largest assessment organization globally, ETS is extremely
excited with the focus on AI in the India Skills Report 2024” said Sachin Jain,
Country Manager ETS India and South Asia.
Talking on the launch, Devashish Sharma, founding member and CEO at Taggd,
ISR's knowledge partner said, “Year 2024 will see more and more companies
investing in their upskilling initiatives. With new roles across segments
getting added to the hiring mandate across industries we will see companies
investing in early careers programs. Almost one out of six hires will be in the
early careers segment.”