More Indians turning entrepreneurs
Taking the Covid crisis in their stride and not letting job loss hamper their spirits, many have taken to independent money generating routes
While the job market still looks bleak in India after a pandemic-hit 2020, one of the world’s biggest professional networks said on Wednesday it has seen a 10 per cent growth in members with the title ‘founders’ or ‘co-founder’ on their profiles on the platform.
Entrepreneurship looked up for Indian professionals last year. “This uptick in new entrepreneurs was particularly strong in the fields of mental healthcare, e-learning and online media,” according to the latest LinkedIn ‘Workforce Confidence Index’.
“Skills are expected to become the new professional ‘currency’ this year as workers from different generations rely on learning new skills to future-proof their careers, at a time when industries continue to strengthen their remote operations,” said Ashutosh Gupta, India Country Manager, LinkedIn.
Based on the survey responses of 1,752 professionals, findings from January 1-29 revealed that professionals in India are confident about career progress despite growing uncertainties about the job market and financial future in the current environment.
Nearly 80 per cent professionals are confident about skilling opportunities, while 79 per cent are confident about the strength of their CVs. However, the survey showed a dip in India’s overall confidence.
The survey attributes this dip in optimism to the workforce's growing concerns about the status of the pandemic, surmounting expenses, and job availability in the present economic climate.
The survey showed that while India remains resilient, professionals from different generations have contrasting reasons to stay confident in these testing times.
While 92 per cent of Gen X and 98 per cent of Baby Boomers say the strength of their work experience and academic qualifications makes them more confident, 86 per cent of millennials state they are more inspired by opportunities to grow their skills and climb the ladder.