India's demographic dividend of a billion-plus people could come to naught if the country did not invest in creating the right kind of talent, according to Gary C Coleman, MD, Global Industries, Deloitte, US.
"Over the next two quarters, manufacturing should rebound in the global economy, and as it relates to India, it has an opportunity to participate in that growth," Coleman told HT. "That would be dependent on India recognising key factors that drive manufacturing, and the number one factor is talent that drives innovation."
He said that unless India could leverage its population, it ran risk of missing the opportunity to drive manufacturing.
"India has rich talented resources like engineers, but over the last five years, those resources have been driven to services like IT. So there needs to be either market innovation, or there need to be more engineers," Coleman added.
"Of all the manufacturing jobs in the US, 5% go unfilled because they don't have the right talent," he said citing example of the US.