Sunday 20th October 2019

    How start-ups will lead India through the Fourth Industrial Revolution


    As the Fourth Industrial Revolution continues at full steam, the entire world must prioritize job creation and the retraining of the current workforce in order to prepare for the digital age. Currently, one in five working individuals says their professional skills are not up-to-date, as robots, machine learning and automation proliferate in the workplace.

    The unfortunate truth is that technology is going to replace some jobs - experts suggest as many as 40% of jobs around the world will disappear in the next 15 years. The threat of job displacement is especially large for countries like India, where an enormous percentage of the population is of working age. Indeed, according to census data, the vast majority (more than 63% in 2011) of Indians are between the ages of 15-59. That's a massive amount of jobs to both fend off what is sure to be an impending unemployment crisis and to create new opportunities to bring young people into the workforce.

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