Diploma in Career Counselling

Opportunities

The contribution of different sectors to GDP in India is as follows:

• Agriculture: Agriculture has traditionally been a significant contributor to India’s GDP, employing a large portion of the population. However, its share of GDP has been declining over the years due to factors such as urbanization, industrialization, and shifts in the economy. As of recent data, agriculture contributes around 15-20% to India’s GDP.
• Industry: The industrial sector in India includes manufacturing, mining, construction, and utilities. It has been growing steadily and is a key driver of economic development. The industrial sector contributes around 25-30% to India’s GDP.
• Services: The services sector is the largest contributor to India’s GDP, accounting for more than half of the country’s economic output. It includes a wide range of activities such as finance, real estate, healthcare, education, information technology, tourism, and transportation. The services sector contributes around 50-55% to India’s GDP.
• Government: Government spending and investment are also included in India’s GDP calculations. This includes spending by the central and state governments on goods and services, as well as investment in infrastructure and public projects. The government sector contributes a smaller portion to India’s GDP compared to the other sectors.

Taking India GDP at $4T, almost $2.2T comes from services sector, $1T from Industry sector and $0.8T from agriculture sector. Almost 50% of workforce in India is employed in agriculture sector, producing 20% of GDP, is the least productive sector. Industry sector contribution is about 25% of the GDP and employs almost 25% of the workforce is the second least productive sector. The service sector employs about 25% of workforce producing 55% of the GDP is the most productive sector. The service sector is growing above 10%, industry sector is growing at 7.5% and agriculture sector is growing at 5%. The maximum career opportunity will be on service sector which relies heavily on skill development training. It will be very difficult to improve agriculture sector which relies heavily on subsidy, farmers income support, food grain minimum price support and dependence on uncertain monsoon season. Industrial sector growth rate will depend heavily on country domestic demand. Service sector on the other side has maximum potential of growth rate despite challenges in Technology sector amid artificial intelligence (AI) short term impact, will help boost the service sector growth in long term. Increased skill of people will also transfer the job opportunities for skilled people as non-skilled people who could not do the job earlier could do by themselves, due to skill transfer.

Artificial Intelligence (AI): The AI intelligence will help improve productivity of skilled individuals and will potentially push unskilled personnel away from the job market. India needs to focus on improving skills of its unskilled workforce, which is mostly coming from farm sector and rural area, lacking basic education and government support for financial needs to improve skills. In the age of artificial intelligence skilled workforce such as auto drivers, teachers, doctors, and lawyers, all these jobs will be replaced by artificial intelligence for people doing routine jobs, such as doctors prescribing medicine based on lab results or teacher teaching basic addition or long-distance truck drivers on national highway’s replaced by auto driver technology or bigger / better freight network from railways and water ways, or lawyers involved in checking documents and verifying it. The number of new job opening will reduce in these fields and people will be forced to retire early. Artificial intelligence will help improve productivity in the field of fine arts, sports, technology, science and government by reducing the mistakes in doing more assessment and less real experiments and pinpointing to the problem and resolving it.