India has a big advantage over China in the global labour market, as its young and English-speaking literate workforce is much more relevant on the global level, as per leading human resource consultancy giant Manpower Group.
However, the Indian government and companies need to focus on understanding the skill sets they would need in the future and train the country’s young population accordingly to maintain the supply-demand balance of the job market, Manpower Group president (Global Corporate and Government Affairs) David Arkless told PTI.
Arkless, on the sidelines of World Economic Forum Annual Meeting, said that he remains optimistic about the Indian labour market, although the conditions remain volatile and uncertain globally.
“India is not a typical emerging market economy. It is a very specific talent market and Indian economy operates totally differently from Chinese or any other emerging market or global growth economy.
“In terms of human capital benefit, India has a highly literate and very driven young people. We see that the big benefit for India is that it has a much bigger young, literate English speaking relevant workforce, which is more relevant on the global level, as compared to the Chinese young people for instance. That’s going to be the biggest strength in future for Indian labour market”.