'India has optimum opportunities than other nations'
Notwithstanding the global slowdown fast slipping into recession, India still has more opportunities largely because its growth rate is still very promising than other countries, Manpower says.business Updated: Nov 14, 2008 13:26 IST
Notwithstanding the global slowdown fast slipping into recession, India still has more opportunities largely because its growth rate is still very promising than other countries, global staffing services firm Manpower says.
"There are optimum opportunities in India since it is still in the growth mode. As compared to other countries, India's GDP growth is very promising," Manpower Inc Global CEO Jeffry Jorres said.
The various sectors that would shape India's future competitiveness includes -- IT, engineering, infrastructure, manufacturing, energy, telecom and these very segments would allow India to cluster around the industries that have global importance.
"Be it national, domestic market or global, India is very well positioned to take advantage due to its education system and these clusters that have global interest and would drive India into future," Jorres said.
The country, however, needs to look into those areas that would ensure that the growth momentum is sustained. India should facilitate more foreign direct investment and maintain the talent pool, Manpower said.
Saying that India has managed to take care of such risks so far, Jorres said there are, however, major global shifts that could present a risk to securing India's future growth.
Meanwhile, Finance Minister P Chidambaram today said the current global economic downturn will impact India to some extent on growth, exports and currency inflows but expressed confidence that the country will still return to a "decent growth".
Manpower Inc today completed 60 years to become a $ 21 billion global giant with 33,000 employees.
First Published: Nov 14, 2008 13:24 IST