Wheebox, a leading firm in remote proctored assessments and nconsulting services, today released the ‘India Skills Report 2024’, spotlighting the transformative impact of Artificial Intelligence (AI) on the nation’s workforce under the theme, “Impact of AI on the Future of Work, Skilling & Mobility.” This eleventh edition, based on the extensive Wheebox National Employability Test (WNET) with 3.88 lakh participants and insights from 152 corporations,
unfolds key highlights that underscore India’s leadership in the AI domain.
The extensively insightful report reveals that India boasts a global leadership position in AI skill penetration and talent concentration, earning an impressive score of 3.09. With an installed talent base of 416K AI professionals as of August 2023, the nation is well-poised to meet the current demand of approximately 629K, a figure expected to surge to 1 million by 2026.
The WNET employability survey in the India Skills Report 2024 reveals nuanced trends and
demographic transformations among the nation’s employable youth, offering profound insights into their evolving expectations. In India, the overall young employability has improved to 51.25% over the previous year. Among states with large talent pools, Haryana, Maharashtra, Andhra Pradesh, Uttar Pradesh, Kerala, and Telangana have the highest concentration of highly employable youth. Specifically, Haryana leads with 76.47% of test takers scoring 60% and above on the WNET. In the age range of 22 to 25 years, Uttar Pradesh stands out with the highest talent concentration at 74.77%, followed closely by Maharashtra at 71.97%. Additionally, the overall employability rate within this age group across the top 10 cities is 63.58%. These findings underscore the regional variations and demographic factors influencing the employability landscape in India.
According to Mr. Nirmal Singh, Chief Convenor of India Skills Report, and Founder and CEO, Wheebox, “Today, as we unveil the India Skills Report 2024, I extend my deepest gratitude to all who contributed to this insightful exploration of our nation’s AI landscape. India’s potential to lead the global AI revolution is evident in the significant strides we’ve made, coupled with the vibrant IT landscape that defines us. Navigating this transformative journey requires addressing challenges with a focus on inclusion. Collaborative efforts among government bodies, businesses, and educational institutions are paramount, as witnessed in successful youth upskilling initiatives and advancements in our digital infrastructure.”