Evolving Indian Skilling Ecosystem in times of COVID-19: Understanding the agility of skilling models is key
Background and Context
The COVID-19 pandemic has profoundly impacted the global population in their economic well-being and long-term livelihoods. While the crisis has taken a toll on all socio-economic sections, the disadvantaged sections stand more vulnerable to the crisis due to the augmented risk of informal sector jobs, uncertain incomes, low savings, and low accessibility to resources including technology. According to a joint report by the International Labour Organisation (ILO) and Asian Development Bank (ADB), 14.8 million youth are estimated to lose jobs across 13 countries in the Asia-Pacific due to the pandemic. In India, an estimated 6.1 million youth (age 15-24) may lose jobs in 2020. This coupled with the prevailing challenge of low employability among the youth poses a critical threat to the Indian economy and socio-economic security of its people.
As the menace of COVID-19 remains unabated, the uncertainty in reopening of work sites, availability of jobs, labour and the types of job roles that will emerge in the coming years has become an area of widespread concern. In this background, Sattva Consulting Pvt Ltd and NASSCOM Foundation have been commissioned by J.P. Morgan to conduct a study related to the Impact of COVID-19 on the skilling ecosystem. In collaboration with knowledge partners – Accenture, CISCO, Michael & Susan Dell Foundation, and IBM India among others, the study aims to inform the funders and skilling institutes about the possible strategies to prepare for the post-COVID world.
As a part of this study, we will be publishing a series of articles to disseminate the findings.
This first article attempts to map the existing gaps in the ecosystem at the intersection of emerging market demand and skills supply using secondary research. Five sectors (healthcare, construction, retail, ITeS and BFSI) have been analysed due to the high proportion of entry-level roles and skilling courses being imparted to potential employees.
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