By 2027, a quarter of jobs will have changed, according to the World Economic Forum

The global shift in vocations will continue to be relentless in the next five years, with a downward trend in net job creation, just as the once-in-a-century pandemic and automation created a 'double-destruction scenario' for workers at the beginning of the current decade, as per World Economic Forum report.

As per the World Economic Forum's Future of occupations Report 2023, about a quarter of all occupations worldwide will 'change' during the next five years, with 69 million new positions projected to be created and 83 million lost.

According to the analysis, which relied on a survey of 803 organisations, while the green transition and localization of supply chains will drive job creation in the years 2023–2027, the labour market turbulence brought on by technology and improved digital access will actually be 'a net positive in jobs gained.'

This suggests that, in contrast to popular belief, causes other than technology will be responsible for the immediate employment losses.

With an estimated two million new digitally enabled roles, digital commerce will have the highest absolute gains in employment across all industries. Agriculture and education will both have significant absolute job growth.

With 22% of jobs predicted to change in India, compared to the global average of 23%, the country's job churn is assessed to be roughly in line with the global trend.

"The good news is that there is a clear way forward to ensure resilience," WEF managing director Saadia Zahidi said. The education, reskilling, and social support systems that can guarantee that people are at the centre of the future of work must be supported by investments from both governments and corporations.