Post on 05-Apr-2018
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Indo EU Seminar on Skills
Development, Training andEmployment
Skills & Training in a GlobalisedWorld Economy
Lt Gen (Retd) S S Mehta, PVSM, AVSM and Bar, VSMDirector General
Confederation of Indian Industry
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India
Size: 2,973,190 sq kmPopulation: 1096 MnLanguages: National Hindi (14 other officiallanguages)-English enjoys
Associate Status.Multi Ethnic,MultiReligious; PluralisticSocietyLargest Democracy .Confluence of Civilizations
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India
One of the fastest growingeconomies avg 7%since 1994 and 7.5 - 8.1%in 2005.Inflation 4-5 %.Forex Reserves USD
150 Bn.GDP USD 650 Bn.Leadership in ICT.
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Challenges
Social Appreciation of Skills As aLivelihood Asset Linking Education to Employability inthe Global Knowledge Economy. No One Solution. Every Regiondemands an innovative approach.
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Snapshot: GlobalDemographics
Country2000 2025 2050 2000 2025 2050
India 23.7 31.3 38 8.1 12.1 22.6
Mexico 23.3 32.5 39.5 7.6 13.8 30USA 35.5 39.3 40.7 18.6 29.3 34.9Australia 35.2 40.5 41.9 18.2 29.3 37.9China 30 39 43.8 10 19.4 37.2Canada 36.9 42.9 44 18.5 32.6 40.9France 37.6 43.3 45.2 24.5 36.2 46.7UK 37.7 44.5 47.4 24.1 34.8 47.3Europe 37.7 45.4 49.5 21.7 33.2 51.4Russia 36.8 43.8 50 18 27.6 47.1Germany 40.1 48.5 50.9 24.1 39 54.7Japan 41.2 50 53.1 25.2 49 71.3Italy 40.2 50.7 54.1 26.7 40.6 68.1Spain 37.7 49.2 55.2 24.8 36.1 73.8
Indicators of Aging in Selected Countries (2000, 2025, and 2050
Median Age (Years) Old Age Dependency Ratio
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Global DemographicsScenario
47
Note: Potential Surplus is calculated keeping the ratio of working population (age15-59) topopulation constant. Source: US Census Bureau; BCG Analysis
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An Idea
India has the unique opportunity to: Complement what an ageing world
needs the most -- Productive Workers. Provide investment opportunities for
ageing population to earn high levelsof post retirement income.
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Globalisation A complex series of economic, social,
technological, cultural and political
changes are increasing interdependence,
integration and interaction between
people and companies in disparatelocations. . IMF
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Trends to Watch
Centres of economic activity will shiftprofoundly, not just globally, but also regionally.
Shifts within regions will be even more dramatic Today, Asia (Excluding Japan) accounts for 13
percent of the world s GDP, while WesternEurope accounts for more than 30 percent. Within20 years the two will converge .
. Mckinsey Quarterly Web Exclusive 2006
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Global Talent deficit is fundamentalto sustainability.
Owing to the flux in the globaleconomy it is difficult to forecastwhere a skill shortage will arise next.
External markets are not deliveringthe right skills at the pace of change
.Infosys Davos 2006 Panel Debate
Pumping the Global Talent Pipeline:
The 21 st Century Imperative
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The challenge is to have the right people,
at the right place, at the right time. The Paradox of Skill versus Will . The need for the public and private
sectors to work together towards thevision of the future.
.Infosys Davos 2006 Panel Debate
Pumping the Global Talent Pipeline:
The 21 st Century Imperative
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Skills: A Global Currency
"Skills" are a global currency for a globalisingworld.
Countries with a significant skills capital caninnovate; remain competitive and enablesustainable growth.
Skills Development will create inclusive
societies. Global Skills Development should be added as a
UN Millennium Goal.
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Features of the CII Skills Initiative
Localised Approach Relevant to local
needs Scaleability Short Duration, Focussed Programmes Modular Approach Smart Card Certification
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Smart Card Certification
Biometric Identification
Tamperproof
Multifunctional
Convenient
Access to a gateway of Services
Possibility of bank linkages for Micro-Credit
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Focus on Developing Human
ResourceCountries that get addicted to selling theirnatural resources rarely develop theirhuman resource and the educational andinnovative companies that go with that.So, after the ore has been mined, the trees
cut, and the oil pumped, their people areactually even more behind.
Thomas Friedman
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We need to do more to get each
stakeholder deeply involved, tohave a sense of where society isgoing.
Professor Jagdish Bhagwati
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What we need is a .
Thought Shift We need a thought shift fromemployment to employability ; fromproviding fish to teaching how to fish.
Our progress will not be worth the trip ifwe do not give a majority of our people thestrength and self esteem that comes with
a job . The Journey has just Begun ..
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India & EUEU
India
Relations go back toearly 1960.
India EU Key TradingPartners
Demographic Dividend
Shared Values: Democracy Pluralism Liberalism Open, Inclusive
Societies
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Thank You