Indian workforce to benefit as global labour shortage may hit 50 million by 2030

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Indian workforce to benefit as global labour shortage may hit 50 million by 2030



NEW DELHI: A massive opportunity lies ahead for the Indian workforce as high-income countries are projected to face a labour shortage of 45 to 50 million by 2030, according to globally reputed management consulting firm Boston Consulting Group (BCG). More than half of these jobs are expected to be blue-collar roles.Managing Director and Senior Partner of BCG, Rajiv Gupta, told this reporter that 20 countries would require 90 percent of this workforce. “The US would have the biggest demand with a requirement of 11 to 12 million workers, while the UK follows it with a demand for 5 to 6 million workers,” he said.In a presentation made during the launch of the GATI Foundation in New Delhi on Tuesday, Gupta said that Poland, Hungary, the Czech Republic, South Korea, Germany, Russia, Japan, Canada and the Netherlands would also require millions of workers five years from now.



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