The Fourth Industrial Revoluton: Realizing India's Demographic Dividend

Srija, A. (2018) The Fourth Industrial Revoluton: Realizing India's Demographic Dividend. Working Paper. Azim Premji University, Bengaluru.

Text - Published Version
Download (181kB)

Abstract

This paper attempts to explore the avenues for future jobs given the impact of technology in the form of internet of things, robots, cloud computing, nano technology, automization of manufacturing etc. and the measures in place to address these challenges. The paper explores the labour market from the supply side, the demographic advantage that India has along with the constraints involved in converting the advantage into a dividend. The demographic spread of the labour force is geographically different in that the South we have an ageing workforce with longer life expectancy while in the North and Central India the new entrants to the labour market is the youth. The demographic advantage is concentrated in the North. This is then addressed against the backdrop of the impact of the Fourth Industrial Revolution on jobs and the skill gaps that exist in addressing them. The skill gap therefore needs to be addressed differently. While the policy focus is on skilling/up-skilling and re-skilling the emphasis of each of these components differ according to the geographical spread of the demographic advantage. There should be continuous upgrading of the training curriculum to incorporate the technological advancements. More number of youth should be motivated to opt for vocational courses that enhance their skill set and employability to enable India convert its demographic advantage into dividend.

Item Type:

Monograph (Working Paper)

Authors:

Srija, A.

Document Language: