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Skills : The global currency Uma Ganesh. Profound shift in the global centres of economic activity – Europe registering the highest growth currently Profound.

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Presentation on theme: "Skills : The global currency Uma Ganesh. Profound shift in the global centres of economic activity – Europe registering the highest growth currently Profound."— Presentation transcript:

1 Skills : The global currency Uma Ganesh

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

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

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

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

6 India Outsourcing Story Success factors 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 Snapshot Ageing indicators

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

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 Source : Directorate of Training & development Challenges Quality – teachers, process Relevance – skill oriented content Management - professionalism Resources - budget Structured Delivery – align the gap

10 The GTT Route The GTT Route Competitive Competitiveindex Industry - Education Partnerships Assessment & evaluation Orientation & Training Benchmarking 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 building for skills in India Professional Development Employment Employability Awareness

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

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

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

15 Replicating Indian Skills in Africa – 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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