Transcript Slide 1
India’s Advantage • • • • • • • Demographic Societal Building Block English language Affinity to maths Credible IT image Steady Growth Trajectory Strong will, enthusiasm and spirituality that gives honesty & commitment to the workforce. • India has a promising future, given the unprecedented growth in economy and its clout in the global issues. • Premier professional institutes like IIT and IIM have become the source of big international corporates' human resource need, both overseas and within India. • India is also a nuclear power. Nuclear power is the fourth-largest source of electricity in India after thermal, hydro and renewable sources of electricity. • As of 2008, India has 17 nuclear power plants in operation generating 4,120 MW while 6 other are under construction and are expected to generate an additional 3,160 MW. • India now envisages to increase the contribution of nuclear power to overall electricity generation capacity from 4.2% to 9% within 25 years. • India is also poised to become the entertainment superpower. Already the Bollywood is churning out hundreds of films annually. With improvements in the technical and artistic aspects India can well give a stiff competition to western productions. • Indian culture is influencing the western world in dress, food and festivals. The Indian Diaspora is increasing in economic prosperity and status. Reality Check • Low overall productivity due to lack of supportive nationwide infrastructure • Large number of people become apprentices in the unorganized sector to pick up saleable skills. • Skills generated in the unorganised sector have no formal recognition! • Labour market opportunities for even the most skilled labour are restricted to local market Propositions In addition to white and blue collar skills, India needs to recognize: • Its vast pool of knowledge workers • skilled workers at the grass root level in unorganized sector. • Instead of trying to become a world global trader (Like China), India would have better to focus on its huge internal market. It needs to raise the purchasing power of the poor people and the only way is to create more jobs, notably for the unskilled. India needs thought shift • From employment to employability (By rapidly making the provision of ‘industry oriented practical skill education’ rather than current focus on traditional academic degrees) • Giving school education system a global air. • Urgent need for genuine focus and clear strategies for providing infrastructure in rural and semi-urban areas through private public participation EXPECTED FUTURE • Agriculture and food processing -- with a target of doubling the present production of food and agricultural products by 2020. Agro food processing industry would lead to the prosperity of rural people, food security and speed up the economic growth; • Infrastructure with reliable and quality electric power including solar farming for all parts of the country, providing urban amenities in rural areas and interlinking of rivers Dams Bridges Roads Railways airports • Education and Healthcare: To provide social security and eradication of illiteracy and health for all Better equipped government hospitals Better medical staff Setting up of clinics Fair and affordable prices • The Indian Information Technology industry accounts for a 7% of the country's GDP and export earnings as of 2008, while providing employment to a significant number of its tertiary sector workforce. In March 2009, annual revenues from outsourcing operations in India amounted to US$60 billion and this is expected to increase to US$225 billion by 2020. The most prominent IT hubs are IT capital Bangalore and presently growing Chennai. • Information and Communication Technology: This is one of our core competencies and wealth generator. ICT can be used for tele-education, tele-medicine and e-governance to promote education & healthcare instructions in remote areas. "We no longer discuss the future of India. We say the future is India“