gen ss mehta

7/31/2019 Gen SS Mehta

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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

gen ss mehta

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