Is Automation in India a Threat or Opportunity?
The rise of automation in India has sparked a heated debate on whether machines will replace human jobs or usher in a new wave of employment opportunities. As the country continues to grapple with the implications of automation, the reality lies somewhere in between, depending on how effectively India adapts to this new reality.
On one hand, automation is expected to displace routine and repetitive tasks, which could lead to job losses in certain sectors. On the other hand, it also opens doors for innovation, efficiency, and the creation of new jobs. So, is automation in India a threat or an opportunity? In this blog post, we’ll delve into the effects of automation in India and explore the potential benefits and drawbacks of this technological revolution.
The Rise of Automation in India
Automation has been gaining traction in India over the past few years, driven by advances in artificial intelligence (AI), machine learning, and the Internet of Things (IoT). According to a report by Accenture, the Indian automation market is expected to grow at a compound annual growth rate (CAGR) of 13.6% between 2020 and 2025, reaching a value of $2.5 billion.
Several sectors in India have already started embracing automation, including manufacturing, logistics, healthcare, and finance. For instance, the Indian automobile industry has witnessed a significant increase in the adoption of automation technologies, such as robotic welding and assembly lines. Similarly, the logistics sector has seen the introduction of autonomous vehicles and drones for efficient delivery and transportation.
Job Displacement: A Threat or a Reality?
One of the primary concerns surrounding automation is the potential displacement of human jobs. According to a report by the McKinsey Global Institute, up to 60% of all jobs in India could be automated by 2030. This could lead to widespread job losses, particularly in sectors that are heavily reliant on routine and repetitive tasks.
However, it’s essential to note that automation is not a zero-sum game, where machines replace humans. Instead, it’s a complementary process that can augment human capabilities, freeing up workers to focus on higher-value tasks that require creativity, empathy, and problem-solving skills.
New Job Opportunities: A Silver Lining?
While automation may displace some jobs, it also creates new opportunities for employment and entrepreneurship. According to a report by the World Economic Forum, automation could create up to 75 million new jobs globally by 2022, driven by the growth of industries such as AI, data analytics, and cybersecurity.
In India, automation has already created new job opportunities in emerging sectors such as fintech, e-commerce, and digital marketing. As these sectors continue to grow, they are likely to create new job opportunities that were previously unheard of.
Upskilling and Reskilling: The Key to Success
To capitalize on the opportunities presented by automation, it’s essential for Indian workers to develop skills that are complementary to machines. This includes skills such as data analysis, programming, and digital marketing, which are increasingly in demand.
According to a report by the National Sample Survey Office (NSSO), only 4% of Indian workers have the skills required to work with automation technologies. This highlights the need for a comprehensive upskilling and reskilling program that can equip Indian workers with the skills needed to thrive in an automated economy.
Government Initiatives: A Boost to Automation
The Indian government has taken several initiatives to promote automation and support workers who are affected by job displacement. For instance, the government has launched programs such as the National Programme on Artificial Intelligence (NPAI) and the Make in India initiative, which aim to promote the development and adoption of automation technologies.
Additionally, the government has also launched schemes such as the Apprenticeship Program and the National Skill Development Program, which aim to provide training and upskilling opportunities to Indian workers.
Conclusion
The rise of automation in India presents both opportunities and challenges. While it may displace some jobs, it also creates new opportunities for innovation, efficiency, and employment. To capitalize on these opportunities, it’s essential for Indian workers to develop skills that are complementary to machines.
The government and private sector must work together to create a comprehensive upskilling and reskilling program that can equip Indian workers with the skills needed to thrive in an automated economy. By doing so, India can harness the benefits of automation and create a brighter future for its workers.
Source: https://www.growthjockey.com/blogs/effect-of-automation-in-india-all-you-need-to-know
