| | 8 September 2019HIGHERReviewIN MY VIEWDisruption in any form throws open several doors, signaling change. With unprecedented technological advancements, India is looking at the cusp of a change that can redefine the way its workforce func-tions. Currently, in its fourth industrial revolution, India is embracing the age of automation, with its scope increas-ing exponentially over the coming years. With major industries looking at automation, its impact on the economy will be enormous, with changes being seen in the nature of work, redefining job roles, and having a cascading effect over roles that are redundant in the modern era of automation. While this disruption is ushering a new age of industrialization, individ-uals and organizations are expected to adopt learning methodologies that are continuous, agile and adaptable. Through digitization and technological adoption, production processes, global value chains and business models are welcoming numerous positive possi-bilities that include the likes of accessi-ble livelihood opportunities, safer and more secure jobs, productive and bet-ter-paying jobs, access to social securi-ty and protection among many others. According to the 'Future of Jobs in In-dia' report by Ernst & Young, exponen-tial technologies in advanced markets is expected to improve productivity by 15-20% in the next five years, making these changes imperative for organiza-tions from all across sectors.With factors like machine learning, internet of things (IoT), cloud com-puting being responsible for self-em-ployment and technology aggregator models, the Indian job landscape is go-ing through a major overhaul. In these changing times, the government is also taking numerous proactive steps with initiatives like 'Skill India' which aims at training 4 crore people in different domains. The government is giving a major thrust to developing and regulat-ing the construction sector, along with catalyzing micro-entrepreneurship models to encourage more start-ups. With impetus being laid out on sec-tors that promise higher employment elasticity to catalyze job creation, the market is hoping to get right manpower with the right kind of skill set in the coming future.One of the striking facts of the Indi-an economy is that 92% of employment is not formal. There is a high frequency of non-regulated forms of employment that comprise provisional work, low By Dr. Asmita Chitnis, Director, Symbiosis Institute of International Business (SIIB)FUTURE OF WORK IN INDIA IN CONTEXT WITH HIGHER DEGREESDr. Asmita Chitnis,Director
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