The QS World Future Skills Index ranked India as one of the most prepared job markets for future in-demand skills in emerging technologies on Thursday.
India ranks 27th in the first-ever QS Skills Index. The country also made major gains in three important categories - 37th in skills fit, 26th in academic readiness, and 40th in economic transformation.
India stood at number two in the Future of Work category, surpassing the US. The results clearly prove that the 10 years of the skilling mission in India were a success.
The findings of the Index are based on the assessment of 190 countries, over 280 million job postings, more than five million employers' skills demand, over 5,000 universities, and 17.5 million research papers.
With India doing exceptionally well in integrating AI into its workforce, the QS analysis underscores the country's readiness to adopt AI, digital, and green technologies, ahead of many countries.
"India's exceptional GDP growth, developing economy, and youth population position it uniquely on the global stage," said Matteo Quacquarelli, vice president, strategy and analytics at QS.
To sustain the growth, Quacquarelli emphasized the need "to equip the workforce with relevant skills through comprehensive higher education reforms".
Further, the report mentioned that India continues to be the second-largest destination for VC in the Asia Pacific.
This is even as global challenges continue to persist, including a decline in venture capital (VC) funding. The report reinforces the country's "robust investment ecosystem essential for innovation and future-ready job creation".
The QS report also points out the urgent need for improvement in India's higher education system, especially equipping graduates with the skill set most in demand by employers," the report said.
It also recommended steps on key aspects such as education, entrepreneurship, and incorporating green skills into further raise India's ranking.
It emphasized the need for improving industrial-academic collaboration and increasing R&D spending to ensure long-term growth and competitiveness for the country.
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