Our special position in the Global talent scene coupled with the advantages like the Demographic dividend portends well for V 2.0.
This, however, is not the same with skills. It is quite shocking to know that only 2% of the Indian workforce is really skilled. The HR and Skill Requirement Report across 24 sectors in India reveals that the incremental HR requirement across these 24 sectors is nearly 109.73 million whereby the top 10 sectors including automobile, retail, handloom, leather etc. account for about 80% of requirements. And, that is perhaps, India ranks a lowly 100th position on the latest Global Human Capital Index among 124 nations of the world. How to work on this paradox of being the most talented country globally while remaining at the rock bottom in terms of skills - having no skills or just a few skills.
Make in India's success would depend solely on our ability to bridge this gap – let's listen to pioneering efforts in this area.
Active, ambitious, dynamic, energetic, change-loving, gadget-savvy generation. That is the post-lib young workforce in India. Living up to their expectations and making them make in India is a tall order. What HR strategies could be worked out and adopted to tackle this potential challenge?