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Looking Beyond the Billion – The Indian Context

Looking Beyond the Billion – The Indian Context. Snapshot. Demographics Talent Availability Vs Talent Acquisition Myth India – Way Forward. Demographics. India Overview. Multiple Indias. India #1 – Educated India 100 M adults Professionals, Business people, Govt. officers

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Looking Beyond the Billion – The Indian Context

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  1. Looking Beyond the Billion – The Indian Context

  2. Snapshot • Demographics • Talent Availability Vs Talent Acquisition Myth • India – Way Forward

  3. Demographics

  4. India Overview

  5. Multiple Indias • India #1 – Educated India • 100 M adults • Professionals, Business people, Govt. officers • Mostly based in Urban areas • India #2 – Middle India • 200 M adults • Semi-educated; mostly living in urban areas • Semi-skilled labor; Manufacturing technician; • Armed forces; Port workers • India #3 – Agricultural India • 300 M adults • Mostly involved in farming; • 50 M literate; 250 M illiterate • Vote bank of India • Heavy migration towards urban regions • India #4 – Young India • 300 M under the age of 18 • Youngest country in the world • Have exposure to urban life and education • Huge potential to add to the bank of IT professionals

  6. Favorable age split of the population, • 60 % of India’s population between the ages 15-59, and more than half below the age of 25 • In contrast, countries including the US, Europe, Japan and China have a more aged population with dependency ratios likely to increase over the same period

  7. Global Labour Shortages & Supply Sources Potential surplus population in working age group (2020) Russia and China will compete in specific segments UK -2 Mn -2 Mn Italy Russia Czech Republic -6Mn 0Mn Turkey Ireland -1Mn Iraq US -17Mn 2Mn China -3 Mn -10 Mn -9 Mn Japan 2Mn Israel Pakistan Iran 5Mn 0Mn France 19Mn 3Mn Philippines 7Mn 47Mn Bangladesh 5Mn 4Mn Egypt India Mexico(1) 4Mn Vietnam 1Mn Malaysia 5Mn 3Mn Indonesia Brazil Note: Potential surplus is calculated keeping the ratio of working population (age group 15 – 59) to total population constant; Source: U.S. Bureau of theCensus International Data Base; BCG Analysis

  8. Make India the largest opportunity English-speaking graduates and postgraduates Thousands PA 2,500 U.S. 2,000 Massive skilled labour surplus India 1,500 1,000 500 Philippines Egypt Caribbean** China Ireland Malaysia Mexico 0 0 5,000 10,000 15,000 20,000 25,000 Annual wage costs US$ PA

  9. Talent Availability vsTalent Acquisition Myth

  10. Availability of Hi-Tech students(Source: TaskForce on HRD in IT - Govt. of India, Dec 2000) Tier I: 6 IITs, 2 IIITs, 6 IIMs, IISc Tier II:17 RECs, 33 others Tier III:191 Govt Funded 520 Self Financed Despite Academic Infrastructure &.... • As of March 2005 • 343 institutes of higher education • 16,000 colleges • Enrollment of 9.3 million • 441,000 technical graduates • 2.3 million other graduates • 300,000 post-graduates each year • English being the accepted medium of instruction, a large proportion of the graduate pool is proficient in English. *According to data released by the Department of Secondary and Higher Education, Ministry of Human Resource Development, and Government Of India

  11. .....Indian Engineering Talent Growth

  12. ….Expected Skill & Competency Shortfall • Number of qualified graduates not keeping pace with booming demand. • According to Nasscom just one in four of technical professionals possess the skills required for employment, while tech jobs are expected to double to over 2 million by 2010. • Nasscom projects a shortfall of a half-million tech workers by 2010. • Availability of Leaders, Managers, Leadership and Management skills being keenly felt

  13. Although India scores high on loyalty…. • Employees in India more likely to speak well of their companies and be enthusiastic about their work • Employees working for some of the world’s largest corporations are more likely to be ambassadors. …Attrition rates are high with rates varying from 10% to 60% in Technology and other High Growth Areas

  14. India – The Way Forward

  15. OPPORTUNITIES EVOLVING IN MULTIPLE DOMAINS Latent opportunities Rapidly evolving opportunities • Logistics management • Consulting services • Monitoring services • Legal advice • Distributed product development • Secretarial services Established opportunities • Network consulting and management • Data search, integration and analysis • Market research services • Website services • Remote education • Cust. interaction services • Finance and accounting serv. • Engineering and design services • HR services • Animation • Translation, transcription and localisation Higher value added, higher complexity

  16. India – The Way Forward • India Business Entry Strategies to plan & operationalise these factors • Focus on Transfer of Knowledge Process, Patience in Execution • Investing in and Building local Leaders and Leadership competencies • Partnering Universities and Colleges in bridging demand shortfall wrt skills and competencies • Partnering Local Government and other Industries in evolving sustainable growth • Cultural Sensitisation of assigned staff • Remote Management Operationalisation/Optimisation • Risk Optimisation through Business Continuity planning • Creative Solutions (like home office etc)

  17. Thank You

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