Page 22 - Policy Economic Report_Jan 25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

? Maharashtra stood out as a key player, securing investment commitments worth ?15.70 lakh
crore through 61 Memorandums of Understanding (MoUs). Chief Minister Devendra Fadnavis
announced that these agreements have the potential to generate 16 lakh new jobs, focusing on
sectors such as infrastructure, manufacturing, and technology.

? Telangana delegation, led by CM Revanth Reddy, secured 20 MoUs worth Rs 1.79 lakh crore,
focusing on data centres, green energy, and cutting-edge technologies, which is expected to
generate nearly 50,000 jobs.

? Kerala emphasized its transformation into an industrial hub driven by progressive government
policies. Kerala Industries Minister P Rajeeve held over 30 one-to-one meetings at the Invest
Kerala Pavilion and showcased the state's investment potential across diverse sectors.

? Uttar Pradesh showcased its ambitious vision to transform into a USD 1 trillion economy and
secured investment commitments of several thousand crores of rupees.

India’s presence at Davos reinforced its image as a stable, inclusive, and forward-looking economy. The
collaborative effort by states and the central government underlined the nation’s commitment to
fostering global partnerships and attracting investment.

9. India at 2nd spot in future of work skills in emerging tech

? India has secured the second position in the QS Skills Index 2025, which assesses how well
countries are preparing their job markets for future demands. With a score of 99.1 percent in the
Future of Work Indicator, the country has shown a strong commitment to readying its workforce
for emerging skills. This places India among the top countries globally in terms of recruitment
preparedness for new in-demand roles.

? The QS World Future Skills Index, developed by Quacquarelli Symonds (QS), ranks countries on
their readiness to meet evolving global job market demands emphasizing innovation,
sustainability, and talent development.

? The QS Skills Index evaluates multiple aspects of job market readiness, including future job
creation, the availability of skilled workers, and the effectiveness of skill development initiatives.

? The Index’s findings are based on an assessment of 190 countries, over 280 million job postings,
more than five million employers' skills demand, over 5,000 universities, and 17.5 million research
papers.

? India’s ranking reflects the country’s ongoing efforts to develop a skilled workforce capable of
meeting the needs of tomorrow’s job market. The government has implemented several
initiatives aimed at enhancing the skills of its population, such as the National Skills Development
Corporation (NSDC), which helps bridge the gap between the demand for skilled professionals and
the available talent pool.

? The rise of technology-driven sectors like information technology, digital services, and artificial
intelligence has further boosted India's position in the global job market.

January 2025 Page | 21