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Shaping the future of work is not rocket science, says Tata boss Chandrasekaran

India is staring at a huge employment challenge. We need to find one million jobs a month, 100 million this decade, Tata Sons chairman N. Chandrasekaran said.

“How do you shape the future of work? It is not rocket science,” Chandra added.

With India grappling with a significant employment challenge, Chandrasekaran stressed on the importance of shaping the future of work by equipping individuals with digital skills and harnessing technology to create new and productive jobs, particularly in sectors such as child and elderly care.

The Tata Group boss emphasized on the critical need to tackle employment challenges for long-term sustainability, highlighting that India’s economic prosperity cannot be measured by GDP alone.

Chandrasekaran’s insights on job creation are part of a just-released Netflix documentary series titled Working: What We Do All Day, in which he engages in a candid conversation with former US President Barack Obama.

In this documentary, Chandrasekaran underlines his firm belief in the potential of technology to address societal challenges and create inclusive growth. His vision aligns with Obama’s focus on building a purpose-driven society empowered by technology.

Chandrasekaran recognizes that India’s diverse landscape presents unique challenges for employment generation, considering its growing population, increasing urbanization, and the need to adapt to emerging technologies. To effectively tackle these issues, he advocates for increased investments in education, training, and diversity initiatives.

Acknowledging India’s transformative journey over the past 75 years, Chandrasekaran highlights the importance of sustainability, not just for India but for the world as a whole.

These remarks from Chandrasekaran come at a time when the Centre for Monitoring Indian Economy (CMIE) has reported a rise in the nationwide joblessness rate to 8.11% in April 2023, the highest since December 2022.

Labour participation rate increased from 39.77% in March to 41.98% which was an addition of 25.5 million people, taking the total labour force in the country to 467.6 million in April.

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