Indian GDP and Skilling
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India is one of the world’s fastest growing economies in the world; in fact India’s GDP is the second best in the world according to IMF. A recent statistics by the IMF shows that the GDP of India in Jan 2017 is 6.6% while china overtook India and is now sitting in the top with a GDP of 6.7%. While the GDP of some of the most advanced countries such as US and Britain are far behind India’s rate. The US with 2.2% and the UK with 1.7% are struggling to catch up with India and China.
India’s workforce is young and growing fast: 250 million people will enter the labour market by 2025. The major challenge in front of the authorities would to find out enough job opportunities for the above said 250 million people and to make them skilled enough to survive in the highly competitive job environment.I
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Mr. Ajinshah
Ptogramme Manager
Wayanad
enough to survive in the highly competitive job environment.India is already among the fastest growing major economies in the world and projected GDP growth for the next two years remains an impressive 7-8%. India is extremely competitive in terms of labour and production costs, and has a successful culture of entrepreneurship. Foreign Direct Investment (FDI) has surged in the last few years as a result, which implies that investors are optimistic.
The skills and employability of the young people joining the workforce over the next decade will be crucial. The ultimate success lies in the generation of employment for all those who are trained, especially right jobs for the right candidates.