A Kaleidoscope of the New India
India is an incredible kaleidoscope of a vibrant democracy with compellingly young demographics, remarkable development within stunning diversity. Incredible India@60! celebrated our arrival at the 60th milestone.
CII National Theme : 2007-08
Building People - Building India
Preamble
Over the last 15 years, Indian industry has worked hard on putting the basic building blocks of competitiveness into place. It has worked strongly to improve operational efficiency, quality, productivity and customer orientation. In this effort, CII has worked closely with its members through structured programmes.
Today, Indian industry is competitive; it has restructured itself; and, it is acquiring a global footprint.
It is now time for Indian industry - as indeed India - to set sights on a new and higher trajectory of competitiveness and globalisation.
The Context
The Indian economy has never had it so good.
Three years of close to 9% growth.
Outstanding performance in the services and industry sectors, both growing at over 11%.
The macro economic indicators of the nation extremely sound.
Investment as a percentage of GDP at a record high.
In the industry and services sectors, innovation, education and dynamism are the order of the day. Indian industry is today resurgent, confident and global in its aspirations.
This is the good news
To catch the next wave of growth, industry has to take note of - rising expectations of customer both in India and overseas; increasing competition from all parts of the globe; the pressure on competitiveness. But the greatest challenge that Indian industry is beginning to grapple with - be it in small, medium or large sectors - is that of talent acquisition and retention. While all sectors seem to be doing extremely well, they also have begun to experience the crunch of people and talent availability in the right measure.
India's Reality
320 million children in India are between the age of 6 and 16. Out of this only 10% will pass school and go beyond.
Approximately 280 million people live below the poverty line and nearly 400 million people in India, live below $2 a day.
India's per capita is at $460, while Sri Lanka is $833 and US is at $30,000.
40 million unemployed people and this numbers are growing. In the next 5 years, the figure could reach to as much as 60 million people, more than entire populations of France, Italy and UK.
90% workforce in the unorganized sector.
30% casual labour with no regular source of income.
India has the youngest population in the world. The median range is 24 and every other population in the world is getting older.
2.5 mn graduates passing out of colleges each year without skills connecting to employment. Mismatch between educational system output and Industry's manpower requirements.
India's opportunity
The correction is not impossible because India also faces a unique opportunity. It is the youngest population in the world; its median age in 2000 was less than 24, compared to 38 for Europe and 41 for Japan. Even China had a median age of 30. Alternatively viewed, this means that India has the unique opportunity to complement what an ageing rest of the world needs the most - productive workers. India in 2025 will have a dependency ratio of 12.1, i.e., for every 100 working-age adults there will be slightly more than 12 persons who are above the age of 65. For China the ratio will be 19.4, for Japan 49, for Europe 33.2.
It is in this context that CII has chosen as its theme for 2007-08 : Building People - Building India.
The Agenda for Action
The core focus of CII work, activities and events will, therefore, relate to people and ways and means of making them efficient, entrepreneurial and innovative - all with the aim of making India and Indian industry even more competitive.
CII will work with the youth in a multi-dimensional mode - adopting the four Missions which were introduced last year :
Missions :
Knowledge & Skills
Manufacturing Innovation
Sustainable Growth
Inclusive Growth
The approach would be to work strongly in identifying manpower needs, talent gaps and working strongly to make India the undisputed global leader in the matter of skills and talent. Every sector would be catered to - Manufacturing, IT, ITES, Telecom, BPO, Engineering Process Outsourcing, Retail and Agri-business.
In its efforts, CII will focus sharply on fulfilling the needs of small and medium enterprises which form a significant portion of the membership.
To sum up
CII - at the National, Regional, State and Zonal levels - would implement a programme of work which begins to effectively convert the human raw material in our country into a productive force to bolster the competitiveness of Indian industry. Massive programmes covering school dropouts to engineers and PHDs will form a key element of our initiative. In addition, the huge requirement of personnel in the growth sectors of the economy will be addressed. This is besides the initiative on affirmative action which is already underway.
In this multi-pronged approach, the four Missions of CII will provide the vehicles of delivery.
CII believes that the next big ticket item on its agenda ought to be BUILDING PEOPLE - BUILDING INDIA.