As global demand for talent continues to rise, the theme of this year’s Report, “Global Skills Mobility - India’s Decade,” highlights how India is uniquely positioned to meet the world’s workforce needs.
Key findings:
- Over 50% of Indian graduates are now employable, which is an increase from 33% a decade ago.
- Maharashtra leads in employability, followed by Delhi, Karnataka, and Andhra Pradesh.
- Cross-border talent mobility could add USD 500 billion to the global economy by 2030, with India playing a central role in bridging these gaps.
Global Talent Ecosystem: Emerging Opportunities and Workforce Transformation
- Europe: it’s facing an aging population and skill shortages across critical sectors, driving demand for international talent.
- Gulf: Gulf Cooperation Council (GCC) nations are witnessing accelerated demand in construction, healthcare, and IT.
- Changing nature of jobs: 25% of all jobs will undergo significant changes within the next five years, necessitating a workforce equipped with adaptable, future-ready skills.
India’s Potential in bridging the demand
- India's workforce—65% under 35—provides a demographic dividend of 10-12 million annual job market entrants.
- India’s IT industry: Valued at USD 245 billion in 2023 is in the forefront of providing talent for digital transformation across the world.
- Rise of digital nomadism and hybrid work models has unlocked opportunities for Indian talent to contribute globally without geographical constraints.
