69 percent of jobs in India under threat from automation by 2040, says Forrester’s Future of Jobs report

Working populations in the five largest economies in the Asia Pacific—India, China, South Korea, Australia, and Japan—are more at risk due to physical robot automation than in Europe and North America, according to a forecast by Forrester. India, which has a relatively young workforce, will add 160 million new workers over the next 20 years, reaching a working population of 1.1 billion by 2040, but 69 percent of India’s jobs are under threat from automation, according to the forecast. Notes: By 2040, 63 million jobs in India, China, South Korea, Australia, and Japan are expected to be lost to automation, with more than 247 million jobs expected to be in jeopardy, Forrester said in a press release. According to Forrester’s Future of Jobs forecast (2020-2040) APAC’s top 5 economies will create 28.5 million new jobs in renewable energy, green buildings, smart cities and smart infrastructure, and professional services by 2040. However, 13.7 million jobs in the region will be lost to automation across wholesale, retail, transport, accommodation, and leisure sectors. India, which has a relatively young workforce, will add 160 million new workers over the next 20 years, reaching a working population of 1.1 billion by 2040, but 69 percent of India’s jobs are under threat from automation, according to Forrester. Qualcomm India is inviting applications via the Startup India portal for the inaugural edition of the Qualcomm Semiconductor Mentorship Programme 2022, the company said in a press release yesterday. The programme is being offered in collaboration with the Centre for Development of Advanced Computing, which is part of India’s Ministry of Electronics and Information Technology. The last date for registration is Aug 21, after which Qualcomm will shortlist up to 10 startups. Uravu Labs, which is developing a renewable-water-from-air device, has raised an undisclosed amount in seed funding from Anicut Capital, Rocketship.vc, Speciale Invest and other investors. The Bengaluru startup—founded in 2019 by Pardeep Garg, Swapnil Shrivastav, Venkatesh R, and Govinda Balaji—will use the money to scale up its 100 percent renewable water technology and commercialise it by next year, the company said in a press release. ElectronEV, a US-based maker of commercial vehicles, plans to enter India, Southeast Asia, Australia and Europe, according to a company press release. ElectronEV’s product portfolio will consist of light, medium, and heavy-duty commercial vehicles like delivery vans, trucks, and buses. Meanwhile, electric motorcycle maker Orxa Energies has closed an undisclosed amount in pre-series A funding from SAR Group’s electric mobility arm Lectrix E-Vehicles, Inc42 reports. Founded by Sabnis and Ranjita Ravi in 2017, Orxa Energies is a high-performance EV and energy systems startup. According to the Inc42 report, the company plans to bring multiple performance EV products into the market and set up a new manufacturing unit on the outskirts of Bengaluru in the next three to four months. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds