According to survey reports of Oxford economics, India has a surplus talent pool of 7.3%. The statistics is higher than Brazil having an annual talent pool of 5.6%. The survey also indicates that the situation is reverse in developed countries where there is further speculation of slowdown in the workforce and relentless aging of its workforce in the years to come.
Nevertheless, the economies that have reaped in the highest human potential by investment in education and increased labor participation will be the worst hit in the long run. Countries like US and Canada will top the list of G7 with an annual growth percent of 1.4 and 1.3% respectively. But this isn’t just the end of it; developing economies like India, Brazil and China own half of the world’s college graduates, comparatively high of industrialized countries of the world. Factually, among the top ten nations, eight boasting of their talent pools will include developing countries of India, Indonesia, Colombia and South Africa.
No comments:
Post a Comment