India

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STRENGTHS
Indian economy + trends:

  • large + skilled labour force support the Indian economy
    -> National Skill Development Corporation (NSDC) to provide training to 3.3 million students this year
    -> currently provides training in 33 sectors
    -> about USD200 million proposed for NSDC in the 2014-15 budget
    -> second largest number of engineers + scientists
    -> second largest population in the world
    -> home to educational institutes of global repute - ITs and IMs
    -> working age opilation expected to increase from 58% in 2001 - 64% in 2021
    -> average age predicted to be 29 years in 2020, lower than China and US
    -> expected to be home to 25% world's skilled workforce by 2025
    -> 1.5 million graduates pass out every year
    -> 250 million people expected to join the Indian workforce by 2030
    -> number of engineering colleges has increased from 1,511 in 2006-07 to 3,345 in 2014-15
  • Outsourcing
    -> India has more than 20CMM level 5 companies
    -> Indian BPOs handle 56% of world's business process outsourcing
    -> Indian outsourcing market expected to grow by USD50 billion by 2020 from current worth of USD20.8 billion
    -> 2000s - entry of IT majors + BPO becomes mainstream industry in India
    -> 2008, India claimed 64% all offshored IT business…

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