Bioscience sector requires 11 million skilled workforce by 2022

As per National Policy for Skill Development and Entrepreneurship, 2015, India had an employment base of 461.1 million in the 24 Sectors in 2013 which is expected to increase to 581 million by 2022

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New Delhi: The Bioscience sector has been facing a huge crunch in terms of quality human resources. Now this challenge will expand to even bigger proportions due to the additional requirements by 2022. The health, pharma and life sciences verticals will have a huge demand-supply gap as the need for skilled professionals will get doubled to 11 million from just 5.5 million in 2013. However, one of the important vertical which is agriculture will not require much due to number of factors.

As per the National Policy for Skill Development and Entrepreneurship, 2015, while the employment base for healthcare sector in 2013 was 3.59 million work force, the projected employment by 2022 has been pegged at 7.39 million. Therefore, the incremental human resource requirement from 2013-2022 is 3.8 million skilled professionals.

Agriculture sector will witness the decrease in requirements by 2022. While the employment base for the sector stood at 240.4 million people in 2013, the projected employment by 2022 is pegged at 215.6 million. The incremental human resource requirement from 2013-2022 is negative by 24.8 million skilled agriculture workers. This reduction in requirement is seen due to the rapid abandonment of farming as a profession.

During 2013, the pharma and life sciences had the employment base of 1.86 million professionals whereas the employment projections by 2022 stands at 3.58 million. The incremental resource requirements in the sector are 4.29 million professionals by the end of 2022.

  Bioscience sector employment trends:

Sr No. Sector Employment Base in 2013

(million)

Projected Employment by 2022

(million)

Incremental Human Resource Requirement (2013-2022)
1 Healthcare 3.59 7.39 3.8
2 Agriculture 240.4 215.6 (24.8)
3 Pharma and Life Sciences 1.86 3.58 1.72
 Compiled by BioVoice  

The Minister of State for Skill Development and Entrepreneurship, Mr Rajiv Pratap Rudy recently revealed in the Parliament that about 104.62 million people would need fresh skilling in these sectors during 2015-22.  “In addition, 298.25 million persons of existing workforce especially below 45 years of age would need skilling upskilling and reskilling,” said Mr Rudy.

RP Rudy

“India had an employment base of 461.1 million in the 24 Sectors in 2013 which is expected to increase to 581 million by 2022.”

Rajiv Pratap Rudy

 

Quoting the National Policy for Skill Development and Entrepreneurship, 2015, the Minister mentioned that India had an employment base of 461.1 million in the 24 Sectors in 2013 which is expected to increase to 581 million by 2022.

Meanwhile, the overall education sector if put together, had the employment base of 13.02 million persons in 2013 while the projected requirement is of 17.31 million persons. The incremental human resource requirement is 4.29 million.