Indian economy may be growing at a fast pace but not too many jobs are created every year. Well, even a bigger problem is that India is not producing too many skilled workers every year. Because of economic growth and outsourcing success, many multinational companies are coming to India and hiring new workers and they are finding it difficult to get enough skilled workers. A few weeks ago, I wrote about Google’s misery to find enough talents in India. Now, Information Week had a report titled Report: Skill Shortage, Labor Costs Challenge India Design. It stated:
“An inadequate number of skilled engineers due to lack of specialized institutes and advanced technical courses poses a big barrier to the growth of India's VLSI design business for the next two years, according to a study by the India Semiconductor Association (ISA).
The rising cost of compensation for India's engineering workforce could deter companies from setting up more design centers in the country over the next two years, forcing them to look elsewhere, the study found. But this situation should be resolved in three years, as India's engineering workforce grows, the study concluded.”
So, India has just 3 years to solve the problem. Well, developing manpower is not an easy work. Indian government should take this matter very seriously. I feel that there should be a concerted effort from Indian government, the academia and the industry.
What is your idea about it?
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