<ul data-eligibleForWebStory="false"><li>The global labour market is experiencing a shift with a high demand for skilled workers in advanced and emerging economies due to factors like aging populations and digitalization.</li><li>India is poised to become a crucial employment hub globally as it can address the skill shortages worldwide, given its young workforce demographics.</li><li>However, India's labour market faces challenges such as underqualification and skill gaps, with less than half of graduates considered fully employable and a low percentage of the workforce receiving formal vocational training.</li><li>It is imperative for India to address these structural gaps in its skilling ecosystem to enhance domestic employment, productivity, and help alleviate the global skills shortage.</li></ul>

India to become a global employment epicenter amid shift in global labour market: Crisil

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