The Indian workforce is estimated to increase to approximately 600 million by year 2022 from the current 473 million. As the workforce will increase by about 27 percent during this period, the overall composition of unorganized sector and organized sector is likely to change from 92 percent and 8 percent today to 90 percent and 10 percent in 2022.
The major forces impacting these shifts are that of globalization, expanding domestic Indian market and adoption of new technologies like AI, Robotics, and IOT by Indian industries.
This article was published on Economic Times Wealth
