India-ILO Collaboration on International Reference Classification of Occupations
India will collaborate with the International Labour Organization (ILO) to develop the International Reference Classification of Occupations. This initiative follows the commitment made by G20 leaders under India's presidency in 2023 to work towards regular and skills-based migration pathways.
Significance of the MoU
- The memorandum of understanding (MoU) aims to facilitate the seamless integration of Indian workers into global labor markets.
- It has the potential to enhance the global competitiveness of Indian graduates.
- This initiative could position India as an international hub for high-quality, future-ready education, and skilling.
Addressing Global Skill Shortages
- Many countries face significant skill shortages due to demographic deficits and digitalisation.
- G20 leaders during India's presidency in 2023 committed to ensuring well-managed, regular, and skills-based migration pathways.
- They endorsed the development of the International Reference Classification of Occupations by skill and qualification requirements.
Benefits and Initiatives
- The classification will enhance the comparability of data and promote mutual recognition of skills.
- India aims to leverage digital innovation to enhance labor market efficiency and worker welfare through platforms like the National Career Service (NCS) and e-Shram portal.
- The MoU outlines a framework for a feasibility study and pilot exercise in areas such as the green, digital, and care sectors.
- This initiative presents an opportunity for wider collaboration in the future, benefitting the global workforce.