“ For us, the market is not the challenge, we need people ”: Anshuman magazine on the shortage of talents from India
Friday, during the company Today India @ 100 Summit, Anshuman Magazine, president and chief executive officer of India, Southeast Asia, Middle East and Africa in CBRE, underlined a critical challenge with which Indian companies are confronted: a shortage of qualified talents.
“India’s workforce is its oil, but it needs refining,” said the magazine, stressing that if the market potential is enormous, the real obstacle lies in the search for good people to stimulate growth.
He noted that the next 25 years belong to India, with few countries positioned to support such long -term growth. However, despite millions of unemployed, companies find it difficult to find qualified talents during recruitment.
“At one end, we have enormous unemployment; On the other hand, we do not accept people with the right skills, ”said the magazine. “We have millions of people, but when we go out to recruit, talent is not there.”
To respond to the evolutionary demands of a rapidly evolving market, he underlined the need for revolutionary changes in skills and education. “We really have to do something – whether competence, education or everything you need – to meet demand.”
He added: “For us, the market is not the challenge. We need people.”
Speaking of the history of India’s growth, the magazine said: “The whole world needs our economy and our country for consumption. There is actually no other country with this type of population, which is true. But if you really look on the other side, our per capita income is quite weak. So the perception of enormous consumption and a huge market is only partially true.
“Until our income per capita, which is about $ 2,000 per person, increases, it remains critical. If it was $ 10,000 per person, I do not think that anyone would dare put prices or try to intimidate us – it’s as simple as that.
Speaking of the growth trajectory of India, Manish Sharma, president and chief executive officer of Panasonic India, said: “If you look at different countries, when China went from an emerging economy to developed status, there was a threshold of $ 3,000 to $ 3,500 per capita. This threshold marks a potential unlock point for demand. ”
Speaking of Indian companies and their potential, Amit Gossain, MD of Kone Elevator India, said that innovation is an area where India excels. “Take my industry, the elevator sector, for example. The government is now adopting a new European code, which means that our elevators can now be exported to Europe. Previously, there were limits because our products were not ready to export for this market, but which changed. The quality of products made in India, including in my industry, is equal to the best in the world. In fact, some of our products are even better than the best than these products are better than those that the Tarffs are even better than the Machaux de nosements than those who are currently in the process of exporting than the machetors of North than these products that machetes are even better than those than Tarffs. United States in India.
