Seven Lakhs Jobs in Danger in India

 07 Sep 2017 ( Perwez Anwer, MD & CEO, IBTN GROUP )
POSTER

The job of seven lakh people working in IT and BPO sector in India is in danger. This threat is increasing due to automatic and artificial intelligence.

A US research firm HSF Research has said in its report that by 2022, there would be gone 7 lakh jobs.

It has been stated in the report that the medium and high skill jobs will be increased during this period.

Although it is bad news for India's PM Narendra Modi. The report says that due to automatic and artificial intelligence, the number of low-skilled workers in the domestic IT and BPO sector will decrease from 24 lakh (in 2016) to 17 lakh in 2022.

However, in India, jobs for medium-skilled people can increase from 9 lakh to 10 lakhs. Apart from this, there were 3,20,000 high-skilled jobs in 2016, which will reach 5,10,000 by 2022.

This trend reflects the global scenario in India because there is a drop of 31% in the low-skilled IT / BPO jobs globally, while medium-skilled jobs can increase by 13% and in high skilled jobs can increase up to 57%.

If there is a total loss in jobs in India's IT and BPO sector, then it can be up to 450,000. In 2016, 36.5 lakh people used to work in this sector, whose number could decrease in 2022 to 32 lakh. It has been reported in the report that due to this automatic, jobs in the IT / BPO sector of the whole world will fall by 7.5 percent.

It will have the highest impact in India, America and the United Kingdom.

The report said that IT companies are increasingly adopting Robotic Process Automation (RPA) and Artificial Intelligence (AI). This is due to the lack of low-skilled jobs.

The report says that the companies are now detecting the impact of robotic process automation on their service contracts. Companies are now focusing on preparing itself for this change.

They believes that they can handle the situation for 5 years, after which the impact on the staff will be more challenging.

 

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