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Skilled talent pool will drive India’s digital economy: ICICI Securities report

February 28, 2021

Skilled talent pool will drive India’s digital economy: ICICI Securities report

Similarly, last year, Google CEO Sundar Pichai announced a $10 billion Google for India Digitization Fund to help accelerate India’s digital economy over 5-7 years. As per IT industry apex body Nasscom, India has about 1.17 million digitally skilled employee base as of FY21, a year-on-year growth of 32%. Pichai said this will be done through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments. India’s digital economy is expected to get further boost from the scaling up of digitally skilled talent pool, according to a strategy report by ICICI Securities. Last year, Microsoft collaborated with the National Skill Development Corporation (NSDC) to provide digital skills to over 100,000 youth in the country over a period of12 months. While India has the potential to lead the digitalization wave, it needs to work towards further scaling up the skillsets of its workforce. The average worker in India will need to develop seven new digital skills by 2025 to keep pace with technology advancements and demand.

Article from Mint.