Unemployment problem is a big challenge for every country these days. For India, it is perhaps one of the top 3 major problems. Millions of people in India are out of work and 260 million people here have to live for just one dollar a day. So, often, against one post, more than 50-60 candidates apply. Indian IT industry could only account for 1.3 million jobs so far and this amount is literally like a drop in the ocean for the Indian population of 1.1 billion. On the other hand, Indian companies are increasingly finding it difficult to get highly skilled workers. This interesting scenario has come out in a survey carried out by the Economist magazine. You can read the survey from the website of this magazine.
What is interesting is that the shortage of skilled workers is not limited to It industry only. Rather it is gradually spreading to all the sectors. If India wants to sustain its present economic growth of 8% then India must have a lot of highly skilled workers. The Economist in its survey has suggested a number of recommendations for India and mainly for the Indian government:
" First is more liberalisation, continuing the good work of the past 15 years, opening India's markets even wider to competition and reducing the role of the state in the economy. Second is the improvement of India's woeful infrastructure, the biggest bottleneck in the race for growth. Third is a change in India's labour laws, which act as a serious obstacle to labour-intensive manufacturing. Fourth is education, which is not only failing to prepare the rural poor for work off the land, but is also no longer equipping enough talented young graduates with the skills that have fuelled the services boom. Across industry, the same lament is heard: it is hard to find qualified people, and hard to retain them."
I agree with these recommendations and I like to add that Indian government must pay more attention to the development of condition of the rural people.
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I think that with regard to 4th point mentioned ie. education, government by itself should concentrate on primary &secondary education while promoting private institutions for higher levels of learning.
Regards
Manish
manishdureja@blogspot.com
Posted by: manish | June 4, 2006 1:28 AM | Permalink to Comment