1 hr ago
Chief Economic Advisor Urges Investment, Fair Pay and Trade Skills
India’s top economic adviser gave advice to businesses and young people.
He said companies should invest, create jobs and pay workers fairly.
He also said young people should think about learning practical trade skills.
Traditional education may not always lead to jobs in the future.
This is partly because artificial intelligence is changing the kinds of work available.
He described the present time as a period of major change.
He said old ways that worked after India became independent may not work as well in the next 25 years.
He encouraged people and families to improve their skills and prepare for these changes.
Chief Economic Advisor V Anantha Nageswaran urged private companies to invest, hire and compensate employees fairly.
He called on young people to consider trade skills instead of relying only on conventional education.
Nageswaran said some conventional education pathways may offer fewer job opportunities as artificial intelligence develops.
He described the current period as one of economic and social “churn.”
He said approaches that served India since Independence may not be sufficient for the next 25 years.
- Who
- Chief Economic Advisor V Anantha Nageswaran, the private sector and India’s youth.
- What
- Nageswaran urged businesses to invest, hire and pay fairly, and encouraged young people to pursue trade skills.
- Where
- At a meeting of the industry body ASSOCHAM.
- When
- Tuesday.
- Why
- Because artificial intelligence may change employment prospects, and approaches that worked since Independence may not be adequate for the next 25 years.
Key facts
- Speaker
- Chief Economic Advisor V Anantha Nageswaran
- Audience
- Industry representatives meeting through ASSOCHAM
- Advice to businesses
- Invest, hire and compensate employees fairly
- Advice to youth
- Remain open-minded about pursuing trade skills
- Employment concern
- Conventional education may provide less employment traction as artificial intelligence develops
- Time horizon
- The next 25 years
- Description of current period
- A period of churn
Quotes
V Anantha Nageswaran
India’s Chief Economic Advisor
“…youngsters should be willing to be open-minded in pursuing trade skills as opposed to conventional sources of education, which may not find that much of employment traction given what is happening with respect to AI, etc”
indianexpress.com
Sources
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