The Fourth Industrial Revolution: Realizing India’s Demographic Dividend

A. Srija

Abstract

This paper attempts to explore the avenues for future jobs given the impact of technology in the form of internet of things, robots, cloud computing, nano technology, automization of manufacturing etc. and
the measures in place to address these challenges. The paper explores the labour market from the supply side, the demographic advantage that India has along with the constraints involved in converting the
advantage into a dividend. The demographic spread of the labour force is geographically different in that the South we have an ageing workforce with longer life expectancy while in the North and Central
India the new entrants to the labour market is the youth. The demographic advantage is concentrated in the North. This is then addressed against the backdrop of the impact of the Fourth Industrial
Revolution on jobs and the skill gaps that exist in addressing them. The skill gap therefore needs to be addressed differently. While the policy focus is on skilling/up-skilling and re-skilling the emphasis of each of
these components differ according to the geographical spread of the demographic advantage. There should be continuous upgrading of the training curriculum to incorporate the technological advancements.
More number of youth should be motivated to opt for vocational courses that enhance their skill set and employability to enable India convert its demographic advantage into dividend.

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