India’s Digital revolution generate potential job to decrease unemployment rate

In terms of employment, today's digital revolution is a mixed bag claims Siddharth Mehta of Bay Capital. Despite the fact that automation is threatening both blue-collar and white-collar professions across many industries, it is also creating opportunities in fields like warehousing and e-commerce that are at the vanguard of this change. Some of the more recent employment generation mechanisms are included in a new report by AIMA and KPMG on the "socio-economic impact of digital transformation" in India.

According to the research, the expanding e-commerce business is generating job possibilities in the logistics sector and is also spurring the creation of new supplier-side services. From Rs 2,484.9 billion in 2017 to Rs 8,526.5 billion in 2020, the e-commerce sector is predicted to grow at an average rate of 51%, creating the possibility for opportunities in the marketing, content development, and warehouse management fields.

 

As per Siddharth Mehta, founder of Bay Capital, digital marketplaces have become a viable option for hiring India's massive blue-collar labor population. According to the research, "the emergence of technology-enabled aggregator business models has surged new jobs in India in sectors such as cab services, food delivery, hotel bookings, and home service experts."

The majority of the online markets are new. Aside from this, other startups are also employing people. The number of digital start-ups in India expanded by 12–15% between 2013 and 2018, which raised the need for new employment opportunities in the domains of big data, analytics, and cloud computing, according to the research.