Source | m-economictimes-com.cdn.ampproject.org | PTI
New Delhi/Davos: Investment in upskilling has potential to boost the global GDP by USD 6.5 trillion by 2030, including by USD 570 billion (over Rs 40 lakh crore) in India alone — the third highest after China and the US, a WEF report showed on Monday. The study released during the ongoing online Davos Agenda Summit, to be addressed by Prime Minister Narendra Modi and a host of other global leaders, also said that accelerated investment in upskilling and reskilling of workers could create 53 lakh (net) new jobs by 2030, and help develop more inclusive and sustainable economies worldwide.
Country-wise, India has the second highest additional employment potential at about 23 lakh, after the US at close to 27 lakh, but much more than 17 lakh for China.
The report, Upskilling for Shared Prosperity, authored in collaboration with PwC, found that accelerated skills enhancement would ensure that people have the experience and skills needed for the jobs created by the Fourth Industrial Revolution – boosting global productivity by 3 per cent, on average, by 2030.
The additional GDP potential is the highest in China at almost USD 2 trillion, followed by close to USD 1 trillion in the US.