Mumbai: Advent of digital technologies will have an impact on jobs, and up to 45 million jobs can get displaced or transformed by 2025, a report has warned.

Productivity gains through digital technologies will help create up to 65 million new jobs during the same timeframe, a McKinsey Global Institute report said Friday.

“Retraining and redeployment will be essential to help some 10-45 million workers whose jobs could be displaced or transformed,” the report said.

Companies will have to invest in building capabilities, including through partnering with universities, governments will have to invest in digital infrastructure and public data that can be used by organisations, it said.

To capture the gains, we will require more ease in creating, scaling and exiting startups as well as policies to facilitate retraining, it said.

Individuals will have to keep abreast of the changes and keep themselves informed on how the digital economy can ..

Source: Economic Times