The Insurance Locator

Education Times

It is certainly an exciting time to be in India. The country is on a growth curve, exploitation forest in the higher GDP and higher and making its presence felt in global markets. The business intelligence companies, consultants and organizations worldwide analyst aregung hoabout growth story in India and believe the country can maintain its current momentum in the coming decades.
Â
A recent Goldman Sachs study, entitled "Dreaming with BRICs: The Path to 2050", places Brazil, Russia, India and China (BRIC countries identified as) among the fastest economies growth over the next 50 years.
Â
The study said India's economy could be larger than Japan's by 2032 in terms nominal U.S. dollar and the BRIC economies together could overcome the G-6 countries (including the U.S., Japan, Italy, France, Germany and United Kingdom) size in 2039. If predictions are correct, India could well emerge as the third largest economy in the world in 2040 and the largest economy in 2050.
Â
India has the potential to grow fastest among the four BRIC countries over the next 30 to 50 years-more than five percent in the next 30 years and nearly five percent as late as 2050, Goldman Sachs says.
Â
India workforce: number of resources
Â
The reason for this is that the decline in working age population will happen later for India and Brazil than for Russia and China. It is expected, example, in 2010, India will have a high 53.9 percent of its population in the age group of 15-59 years.
Â
In 2020, the tide turn, further for India. According to a study by the Boston Consulting Group and the Association of All India Management, developed countries face a deficit labor net of 32-39 million in 2020. India, moreover, will have a surplus of people in the working age group in 2020. This clearly represents a great opportunity for the country, where India can build a true global advantage impressive.
Â
Along with the significant economic results based on macro-political sound economic, political stability and improving the education system, India can truly fulfill the vision outlined by Goldman Sachs.
Â
Indian Industry: Facing the challenges
Â
However, key challenges that may spoil this rosy picture generation and talent management. While the country is expected to have a surplus of people in the working age group, the main concern is whether these impressive figures may be employed in the industry and ready.
Â
Industries such as the field of IT-BPO, which has emerged as a key driver of the Indian economy is likely that to cope with a shortage of skilled labor in the near future. It is necessary, for example, to expand the existing pool of qualified and relevantly turn surplus "population of working age" in a viable, ready for labor-based work.

The shortage of talent has beaten sectors like Banking, Finance and Insurance, Retail, and human resources as well. The labor shortage is being felt particularly in the middle-management space level.
Â
Executives take to learn to fill the vacuum
Â
Global training companies, such as target = "_blank" title = "NIIT"> NIIT, have already implemented initiatives to help strengthen the management of the media in India over the next years. NIIT Imperia, an innovative partnership with the best B-Schools of India, the IIMs at Ahmedabad, Calcutta and Indore-house immense domain knowledge and the power base of the IIMs and NIIT immense capabilities, strengths and experience in providing quality education predictable.
Â
This has proven to be a step in the direction correct, helping address a mass market for executive management training, which has traditionally remained beyond the reach of thousands of Indian professionals. The executives and middle echelons of the corporate ladder who are either taking or preparing to assume more recent work being used this training to raise his career graph.
Â
No wonder then that the NIIT Imperia specialized programs in areas such as Retail Management, financial practices, strategic communications, and other General and program management, have received a huge response and non-IT companies IT in the first six months itself. While almost one third of students are first class Imperia IT companies like Infosys, Wipro, IBM, Deloitte & Touche, Accenture, TCS, Cognizant, Dell, Ernst & Young, Boston Consulting Group, Yahoo and Oracle, financial professionals, manufacturing and service sectors, organizations such as Reliance Industries, Bharti Enterprises, Dr. Reddy's Laboratories, HSBC, HCL, HDFC, ICICI Bank, L & T, State Bank of India, Citigroup, American Express, Godrej, ITC, Motorola and Siemens, have also registered for the programs.
Â
Initiatives are how are you going to play a role in allowing the India to maintain its competitive edge in the emerging knowledge era. For 21stcentury construction professionals at all management levels, India will have power of people-a key requirement for economic success in the coming decades.

About the Author:

The author is associated with NIIT Imperia. NIIT Imperia Centre for Advanced Learning, has been specially created to provide quality management education and customized learning solutions for organisations and working professionals.

Article Source: ArticlesBase.com – Executive Management Training: Building India’S Middle Management Layer