VUCA (volatility, uncertainty, complexity, and ambiguity) will soon cease to be a little-known acronym. From a career standpoint, it is becoming an implicit fact of life. Even top-notch qualifications from the world’s best universities might no longer be a guarantee for lifelong employment without the temperament for continuous learning and reskilling. India’s dependency ratio—the ratio of dependants to earners—has seen a steady decline recently, with the number of citizens who fall within the working-age of 15-65 tipping the scale significantly. This bulge in the working-age population began in 2018 and is likely to continue till 2055, or slightly beyond. However, for this demographic to truly prove a dividend, the next generation of Indians need to be appropriately skilled to take advantage of the new opportunities the VUCA world throws at us.
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October 28, 2019