2074699 India What It Can Give to World Ppt Presentation

8/8/2019 2074699 India What It Can Give to World Ppt Presentation

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What India can give to the worldWhat India can give to the world

by:by:-- DILIP JHUNJHUNWALADILIP JHUNJHUNWALA

MA (Eco.), MBAMA (Eco.), MBA

[email protected]@yahoo.com


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2121stst

century: Asias Centurycentury: Asias CenturyPower shift from Atlantic to AsiaPower shift from Atlantic to Asia

Emerging New World OrderEmerging New World Order

India on strategic Radar ofIndia on strategic Radar ofDeveloped and Developing worldDeveloped and Developing world


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Indias AdvantageIndias Advantage

DemographicDemographic

Societal Building BlockSocietal Building Block

English languageEnglish language

Affinity to mathsAffinity to maths

Credible IT imageCredible IT image

Steady Growth TrajectorySteady Growth Trajectory Strong will, enthusiasm and spiritualityStrong will, enthusiasm and spirituality thatthat

gives honesty & commitment to the workforce.gives honesty & commitment to the workforce.


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Workforce shortage in developedWorkforce shortage in developed

countries by 2020countries by 2020

Maximum projected shortageMaximum projected shortage

United StatesUnited States 6.1mn6.1mn CanadaCanada 1.7 mn1.7 mn SpainSpain 2 mn2 mn

JapanJapan 2.8 mn2.8 mnOver 50%shortage predicted in EnglishOver 50%shortage predicted in Englishspeaking countries.speaking countries.


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Median age by 2025Median age by 2025

USAUSA 39.3 years39.3 years

CanadaCanada 42.9 years42.9 years

MexicoMexico 32.5 years32.5 years

EuropeEurope 45.4 yrs45.4 yrs FranceFrance 43.3 yrs43.3 yrs

ItalyItaly 50.7 yrs50.7 yrs

UK 44.5 yrsUK 44.5 yrs

RussiaRussia 43.8 yrs43.8 yrs

JapanJapan 50 yrs50 yrs ChinaChina ---- 39 yrs39 yrs

IndiaIndia ---- 31.3 yrs31.3 yrs


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IndiaIndia youngest country of theyoungest country of the

worldworld

Average age today 23 years while that ofAverage age today 23 years while that ofJapan 41 years.Japan 41 years.

Demographic Dividend:Demographic Dividend:

YOUTHFULNESSYOUTHFULNESS


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FutureFuture

In 2025, out of every 100 workers in IndiaIn 2025, out of every 100 workers in India12.1 will be above 65 yrs as compared to12.1 will be above 65 yrs as compared to

49 in Japan.49 in Japan.

In next10 years, India will create 47In next10 years, India will create 47

million workforce to lead the world. 100million workforce to lead the world. 100million at present are in schools.million at present are in schools.


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Reality checkReality check

1080 mn population with a 482 mn1080 mn population with a 482 mnworkforce. Unemployment at9.2%workforce. Unemployment at9.2%

By 2020By 2020 63 mn unemployed, more than63 mn unemployed, more thanentire population of UK, France & Italy!entire population of UK, France & Italy!

90% of workforce in the unorganized90% of workforce in the unorganizedsector.

sector.

Low skill levels among women causing riseLow skill levels among women causing risein unemployment rate for women.in unemployment rate for women.


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Indias labour MarketIndias labour Market

Labour force participation is low 560 million of aLabour force participation is low 560 million of a1 billion population1 billion population

Organized employment has

beenstagnant at

40Organized employment ha

sbeen

stagnant at

40million since last30 years!million since last30 years!

Unorganized employment is the bulk of labourUnorganized employment is the bulk of labourforce (350 million)force (350 million)

Given the employment elasticity of0.15 andGiven the employment elasticity of0.15 and

ICOR(3.75), the 8 million new jobs needed toICOR(3.75), the 8 million new jobs needed tofreeze unemployment, requires GDP growth offreeze unemployment, requires GDP growth of13% and investment of $ 130 billion.13% and investment of $ 130 billion.


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ProblemsProblems

Low overall productivity due to lack ofLow overall productivity due to lack ofsupportive nationwide infrastructuresupportive nationwide infrastructure

Large number of people become apprentices inLarge number of people become apprentices inthe unorganized sector to pick up saleable skills.the unorganized sector to pick up saleable skills.

Skills generated in the unorganised sector haveSkills generated in the unorganised sector haveno formal recognition! (people with manual workno formal recognition! (people with manual work

in India has higher happiness index)in India has higher happiness index) Labour market opportunities for even the mostLabour market opportunities for even the most

skilled labour are restricted to local marketskilled labour are restricted to local market


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An ideaAn idea

Alternatively viewed, this means that India has theAlternatively viewed, this means that India has theunique opportunity to:unique opportunity to:

Complement what an ageing world needs theComplement what an ageing world needs themostmost-- productive workersproductive workers

Provide investment opportunities for ageingProvide investment opportunities for ageingcountries for sustained return on investmentcountries for sustained return on investment(liberal economic policies, stable political(liberal economic policies, stable politicalenvironment, cheap productive sources and vastenvironment, cheap productive sources and vastmarket at present)market at present)


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VisionVision

J.F Kennedy said, We must reach theJ.F Kennedy said, We must reach themoon and we reachedmoon and we reached

Mahatma Gandhi said, IndependenceMahatma Gandhi said, Independencewithout violence. We achieved it.without violence. We achieved it.


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VISIONVISION

Todaysslogan:Todaysslogan:

IndiaIndia -- The Skills Capital of the WorldThe Skills Capital of the World


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New world new priorityNew world new priority

There was a time to die for the nation , nowThere was a time to die for the nation , nowit is the time to live for the nation.it is the time to live for the nation.


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MomentumMomentum

India has the potential to become the skillIndia has the potential to become the skillcapital of the worldcapital of the world (It provided 0 to the world(It provided 0 to the world

leading to today's global technology but missedleading to today's global technology but missedthe mid course correction!)the mid course correction!)

Labour force isskilling fast with vast and rapidLabour force isskilling fast with vast and rapidincrease of education opportunities.increase of education opportunities.

Many things need to be done for Indias rapidMany things need to be done for Indias rapidtransition out of poverty and undertransition out of poverty and under--developmentdevelopmentspecially in rural India.specially in rural India.


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PropositionsPropositions

In addition to white and blue collar skills, IndiaIn addition to white and blue collar skills, Indianeeds to recognize:needs to recognize:

Its vast pool of knowledge workersIts vast pool of knowledge workers

skilled workers at the grass root level inskilled workers at the grass root level inunorganized sector.unorganized sector.

Government needs to provide recognition to theGovernment needs to provide recognition to theworkforce in unorganized sector to make themworkforce in unorganized sector to make thememployable by the MNCs entering India.employable by the MNCs entering India.


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India needs thoughtshiftIndia needs thoughtshift

From employment to employabilityFrom employment to employability (By rapidly making(By rapidly makingthe provision of industry oriented practical skillthe provision of industry oriented practical skilleducation rather than current focus on traditionaleducation rather than current focus on traditional

academic degrees)academic degrees)

Giving school education system a global airGiving school education system a global air..

Urgent need for genuine focus and clear strategies forUrgent need for genuine focus and clear strategies for

providingproviding infrastructure in rural and semiinfrastructure in rural and semi--urban areasurban areasthrough private public participationthrough private public participation


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THANK YOUTHANK YOU

The journey has just begunThe journey has just begun

Dilip JhunjhunwalaDilip Jhunjhunwala

[email protected]@yahoo.com

2074699 India What It Can Give to World Ppt Presentation

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