International Feature: The NEP And EdTech Intervention For Skill Creation

Since the pandemic began in 2020, the world has incurred a loss of about 255 million full-time jobs, four times greater than the global financial crisis of 2009.

India is further affected by the second wave of the pandemic as we see about 45% of job losses among people between 25 and 29 years of age in 2021. One of the major contributing factors to this is low skill levels in the economy compared to countries such as Singapore, Hong Kong, Japan, Taiwan, and China. During the pandemic, India struggled to deploy technologies to ensure continuity due to lower skill levels. In the same year, 36% of employers have searched for candidates with experience between 1-5 years.

Low skill levels and high expectations are challenging the current generation of the workforce to keep pace with accelerated digital transformation.