19 JUNE2023(53.5 percent). Uttar Pradesh (46.5 percent) has the second-highest proportion of employable females.BFSI, pharmaceutical, e-Commerce, and IT sectors are currently having high demand for skilled labour in India. In these industries, freshmen hiring is anticipated to increase by 20 percent in 2023 compared to 2022. The most hiring is anticipated in the automotive, engineering, and online business sectors.In 2023, it is anticipated that Delhi, Maharashtra, and Uttar Pradesh would have the most employable talent.The report suggested changes at the policy level to boost workforce participation in both the public and private sectors.Women hold 28 percent of STEM jobsThe STEM disciplines--science, technology, engineer-ing, and mathematics--have drawn a lot of attention recently for their crucial role in preserving our coun-try's competitive edge in the global economy. Wom-en make up only 28 percent of the STEM workforce globally. STEM jobs generally require a background in science, technology, engineering, or math (STEM). The majority of the lucrative positions are found in these young technological domains.Leverage the Resources for HighlyEmployable WomenIndia now has a 33 percent female labour force participation rate, compared to a 67 percent male labour force participation rate. It's interesting to note that women's employability is roughly 5.6 percent higher than men's. It is advised that further policy reforms be made to boost workforce engagement in both the commercial and public sectors if India is to become a global leader in producing trained talent.According to reports, Rajasthan 53.56 percent and Uttar Pradesh 46.51 percent were the states with the highest proportions of employable women who were ready for the workforce.Over the past few years, more women have consistently been found to be highly employable than men, reflecting a significant shift in gender-based employability over time. This is encouraging evidence of the positive effects of societal and economic changes.SuggestionsIf the country is to fulfil its true talent potential, the focus should be on educating and skilling more women in technology through encouraging skilling, entrepreneurship, and market linkage support for women who are launching technology startups or running tech-driven enterprises.In order to expand its $2 trillion skill-based economy, India would need to hire more of its underrepresented women.The establishment of women's skill centres, markets, and capital connections can be an excellent solution for mass skilling and promoting female participation in high-paying technical and STEM professions.About Wheebox India Skills Report 2023Trade associations, businesses, academic institutions, and others came together to create the Wheebox India Skills Report 2023. The following fall under this category: CII, AICTE, AIU, Sunstone, Pearson, AWS, Economic Times, and Taggd.The examination of 3.75 lakh applicants or freshers who took the Wheebox National Employability Test (WNET) across India and the involvement of 150 companies from 15 different industries in the Early Career Edition of the India Hiring Intent Survey led to the publication of the study. IN ORDER TO EXPAND ITS $2 TRILLION SKILL-BASED ECONOMY, INDIA WOULD NEED TO HIRE MORE OF ITS UNDERREPRESENTED WOMEN
< Page 9 | Page 11 >