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Skills : The global currency

Skills : The global currency. Uma Ganesh. 2020 Outlook: Global Markets. Profound shift in the global centres of economic activity – Europe registering the highest growth currently Asian countries that account for nearly 18% of world economies to grow exponentially

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Skills : The global currency

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  1. Skills : The global currency Uma Ganesh

  2. 2020 Outlook: Global Markets • Profound shift in the global centres of economic activity – Europe registering the highest growth currently • Asian countries that account for nearly 18% of world economies to grow exponentially • Countries with significant skill capital to innovate, compete & sustain • Uncertain economic environment • Every 6 out of 10 people affiliated with IT will assume Business facing roles Source :NASSCOM & PHD Chamber of Commerce & Industry

  3. The 2020 Imperative : Skills Development • Overcome the “skill vs education” paradox • Deliver the right skills but most importantly at the pace of change • The challenge is to have the right people with the right age at the right time • Shift from employment to employability • Skills upgradation to be the strong parameters for the industry measurement • More demand for peculiar skills like IT security management, storage administrator, application development etc

  4. Challenges faced by countries • India • Disconnect between skills provided & required • Time zone Differential • Canada • Latent demand • High capital costs • China • Language • Shortage of Skill development institutions

  5. The African opportunity • Low cost destination • Linguistic advantage • Convenient Time zone • High potential to develop tertiary skills

  6. India Outsourcing Story Success factors • English familiarity – 90 million people • Technical Institutes – 1.06 Million pass outs • 13 Indian Institutes of Technology (IITs)   • 4 Indian Institutes of Information Technology (IIITs)  • 18 Regional Engineering Colleges • 20 National Institutes of Technology (NITs) • Commerce & Arts- 1.8 Million pass outs • High school pass-outs – 2.98 Million • Infrastructure Support - • Metros - Delhi, Mumbai, Kolkata, Chennai • Emerging IT Cities - Bangalore, Pune, Hyderabad, Gurgaon • Public private partnerships

  7. Snapshot Ageing indicators

  8. India’s Economic Landscape High KPO Hospitality Hospitality Auto Auto BPO Hospitality IT ITES Financial Services Financial Services Financial Services Employment Potential Healthcare Engineering Engineering Engineering Engineering Drugsandpharma Biotech Biotech Biotech Biotech Greater is the size of the bubble, bigger is the size of the industry Low Low High Competitive Positioning of High growth Industries Source : IMaCS Analysis

  9. Opportunity & challenges Current Standing Total Population engaged in service sector 144 Million Job opportunities in IT Industry 2.23 Million Number of graduates passing out each yr-48.7 Million • Challenges • Quality – teachers, process • Relevance – skill oriented content • Management - professionalism • Resources - budget • Structured Delivery – align the gap Source : Directorate of Training & development

  10. Competitive index Assessment & evaluation Orientation & Training Industry - Education Partnerships Benchmarking The GTT Route Dr.Kiran Karnik Former President NASSCOM Dr.Robert Eccles Harvard Business School Dr.Rumi Contractor CEO HSBC Dr.Ashok Kolaskar Advisor on Knowledge commission Retd.Gen.S.S.Mehta Former Dir.Gen CII Dr.Kiran Datar Advisor on Knowledge commission Dr.Ganesh Natarajan Chairman NASSCOM

  11. GTT Capacity buildingfor skills in India

  12. Empowering the Youth Withrelevant Skills – A case study EABS partnered Asian Universities 500 Centres – Domain skills for verticals University of Pune 100 colleges, 30,000 students MKCL- 4500 centres 35 mn Trained in IT in 5 yrs India - Maharashtra PROFESSIONAL DEVELOPMENT EMPLOYABILITY EMPLOYMENT AWARENESS INTERNATIONAL CERTIFICATIONS : IEEE, III, NASSCOM, NAC

  13. Ecosystem For skill development in India Content Authoring tool: Flash, Photoshop University Cisco WebEx Learning Center Learner Faculty Facilitator Projects Industry Partners

  14. Technology supported Academic Pedagogy • Information Technology • Banking & Finance Services • Supply chain & Logistics • Healthcare • Human Resources • Publishing & Research

  15. Replicating Indian Skills inAfrica – A Roadmap Certification Faculty/Training the trainer Design Curriculum Skills Assessment Identify Offshoring Opportunities

  16. What we need A “thought shift ” from employment to employability From providing the fish, to teaching how to fish

  17. Thank You umaganesh@gttconnect.com

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