The use of digital skills in the workplace has been found to be a significant contributor to the annual Gross Domestic Product (GDP) of India, according to a study conducted by Gallup in partnership with Amazon Web Services. The research found that workers with advanced digital skills, such as cloud architecture, artificial intelligence, machine learning, and software development, have contributed a staggering Rs 10.9 trillion ($507.9 billion) to the country's annual GDP. This figure is a testament to the importance of advanced digital skills in India's economic growth.
The study, titled “Asia Pacific Digital Skills Study: The Economic Benefits of a Tech-Savvy Workforce,” surveyed 2,005 working professionals and 769 employers in India, representing both the private and public sectors. The results of the study showed that 80% of Indian organizations that employ digitally skilled workers reported higher annual revenue growth. Despite this, 88% of these organizations also reported facing challenges when trying to hire employees with advanced digital skills.
It was also found that workers who use digital skills in their workplace earn 92% higher salaries than their counterparts who do not use such skills, despite having similar educational backgrounds. This finding highlights the value that digital skills can bring to individual workers, as well as the organizations that employ them. In addition, the study revealed that workers with digital skills express greater job satisfaction, with 91% of those with advanced digital skills expressing satisfaction in their work. This figure was also high for those with intermediate digital skills (74%) and basic digital skills (70%).
The study also examined the emerging technologies and trends that are likely to become the norm in the future. Respondents were asked to choose their favorite from a list of 10 promising technologies, including AI, edge and quantum computing, blockchain, and cryptocurrency. The overwhelming majority (92%) of respondents stated that at least one of these technologies would become the standard in the future. The most popular choice among respondents was 5G, which garnered 78% of the votes.
Overall, the research conducted by Gallup and Amazon Web Services shows that digital skills provide significant economic value to India at both an individual and organizational level, as well as at the macroeconomic level. Commenting on the study, Gallup's principal economist, Dr. Jonathan Rothwell, said, "People in India are increasingly going digital, from the way they work to the way they live. This research shows that digital skills provide immense economic value to India at the individual, organizational, and macroeconomic level." As such, it is clear that the development and promotion of digital skills in India are crucial for the country's continued economic growth and success.
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