Internet of Things (IoT) will impact about 120,000 jobs by 2021 in India, according to a new report.
Even as Indian IT firms corner a large chunk of the market that arises from services related to the IoT, the country will lose about 69,000 jobs until 2021 due to the adoption of the technology, said a report by consulting firm Zinnov.
This number is over and above the hundreds of thousands of jobs that experts say will be lost due to automation in IT and will predominantly impact unskilled and blue-collar workers, according to a report in ETTech.