The State of India’s Workforce in 2020
In 2020, the pandemic created several challenges for India’s workforce, but it also surfaced new opportunity. While India experienced a nationwide hiring freeze in the early days of the pandemic and lost nearly 130 million jobs, the economy has begun to bounce back, and with it, new trends have emerged, including:
- - Shifting demand to industries on the front lines, such as healthcare, pharmaceuticals, e-commerce, IT and essential retail
- - Accepting the remote work model and implementing more solutions that accommodate it
- - Focusing efforts on upskilling the existing employee base to overcome the skills gap
Additionally, India introduced new legislation that works to further clarify and promote the gig economy. According to GigIndia, COVID-19 created more demand for gig workers, with a 115% increase in work-from-home gigs. The COVID-19 pandemic has altered the course of India’s business world, shifting hiring trends, industry demand and corporate strategies in response to the remote work model it has been forced to embrace.
Discover more key details on the most important workforce trends in India in 2020 by downloading our latest white paper, “The State of India’s Workforce in 2020,” today!