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Quality for Empowering the Billion through Skills Development 4th National Quality Conclave February 5, 2009
Vijay Thadani CEO, NIIT Limited vijay@niit.com
Empowering the Billion....... a thought starter
From Prof. CK Prahalad
- 1. World’s Largest Pool of Trained Manpower:
200 million college graduates (~16%) 500 million trained, skilled workforce (~40%) Universal Literacy
- 2. World’s Leaders in Industry and Commerce
30 of Fortune 100 from India
- 3. India Accounts for 10 % of World Trade
A broad scope of products and services
- 4. India as a Source of Global Innovations
New Businesses, New Forms of Organization, New Technologies
- 5. Focus on the Bottom of the Pyramid
Source of Innovations for the World (Leaders in Health, Education, Energy, Transportation, Sustainable Development for all)
- 6. Flowering of Art, Literature, and Science (10 Nobel Prize Winners
from India)
- 7. A New Moral Voice for People Around the World
India as a country where Universality and Inclusiveness is widely practiced. India becomes the most Benchmarked country for its capacity to accept and benefit from its diversity
India@61: Where are the Billion today?
India@61... the harsh reality
Massive gaps in Relevance, Reach and Quality Low Workforce Productivity
- Half that of Thailand, One fourth of Mexico
- Less than 5% workforce with a single certifiable skill
Low Capacity
- 12.8 Million enter workforce annually, training capacity at 3.1 Mn
- 5,114 ITIs, 1,244 polytechnics & 17 Ministries, trains 1.5 million
workers annually
Empowering the Billion……
workers annually Acute Skills Shortage coexisting with unemployment
- Nearly 10 million jobs in Services Sector
- 41 million registered with employment exchanges, 300 million
under employed Low Employability
- Only 10% of Graduates and 25% of Engineers found employable
Low Coverage
- 150 trades provided for against 4,000 existing trades
“India poised” but may fail to take off……. Jim O’Neil-Goldman Sachs BRICS update
Empowering the Billion…..
- Demographic Dividend
- Young nation with 54% of population
under 25 years of age
- With 19 million added every year,
will remain the only BRIC nation with growing population
- Growing Economy
- Trillion dollar economy
- Expected to cross $27 Trillion in
India@61... The great opportunity
We will make India a nation of educated people, skilled people, creative people……… PM Manmohan Singh August 15, 2007
Expected to cross $27 Trillion in 2050
- Global Workforce requirement
- Global shortfall of 56mn by 2020
- India will have 47 million excess
then
- Government Spending
- Rs.3 Trillion (5 X) committed for the
- n Education & Skills
11th Five Year plan
development