Skilled Manpower Shortage in India: Saurabh Srivastava

Skilled manpower shortage in India
Saurabh Srivastava This is Good Topic to discuss, I don't in India we have shortage of skilled manpower. Today Lakhs of fresh B.Tech holder and MBA holder are passing every year, they are spending their 4 and 2 year in study these course. IT boom in our country shows that we are not lacking in skilled manpower. Yes, the thing we can do that more Engineering and MBA colleged should open in remote areas so that more people get skilled HARISHCHOWDARY From my point of view there is a storage of skilled manpower in India...... they are lot of colleges in India and lot of students are coming out every year but they are lacking in the skills what corporate is required and they are passing for the sake of passing ishu shankar I agree for the above, it doesn't matter how many students are passing out, it matters how many qualify enough for the white color job that the leading MNCs are offering. In India, there is no shortage of manpower, i agree with that, but there certainly is shortage of skilled and qualified man power. anurag kashyap I agree to the above statement really we had no. of students who are educated in their particular discipline but the thing is lack of skill .even then we had highly skilled labour India stands forth place in skilled labour but y the shortage occurred because of some personal concepts of the individual many migrate to other countries may be the lack of proper infrastructure, government interventions, difference in currencies, these are few reasons which made shortage of skilled labour in India. vinay singh I don't agree that we have shortage of skilled manpower, our economy improving rate is very high comparatively to other developing countries .we are progressing in every sector like 'infrastructure, education system, defense ,industrialization. in next three India is going to invest 4400000 crore rs in infrastructure. in top 10 Forbes billionaire list there are 4 Indians enhancing international trade making bilateral negotiation with every developed country is proving that we don't have shortage of skilled people. there is lot of example about Indians achievement where they are proving their capabilities whether Vikram Pandit (CEO of Citibank) or Lakshmi Mittal (founder of giant steel empire) or sunita Williams (scientist at NASA) or mukesh ambani (reliance industry) prabhav I agree 2 the above statement we have a large no. of manpower but they lack in skills. We have bookish knowledge but we r lacking behind in skills the education system should b such that it provide more technical knowledge that helps the student 2 become technically sound.
Is FDI required in Retail Sector?

Definition of FDI Foreign direct investment (FDI) is defined as "investment made to acquire lasting interest in enterprises operating outside of the economy of the investor." The FDI relationship consists of a parent enterprise and a foreign affiliate which together form a Multinational corporation (MNC). India has been ranked as the 5th most desired retail destination. The total size of Indian retail sector, including organized and unorganized sector, is $300 billion, where currently the organized sector accounts for 4% only. It is expected to grow to anywhere from 1220% by 2010. It contributes of 14% to the national GDP and employing 8% of the total workforce (second to agriculture.) in the country. An estimated 40 million Indians work in retail outlets. India is the second most attractive destination for retail among thirty emerging nations. The IT industry has projected that organized retail will have a 25-30% market share of total retail by 2011. The retail industry is definitely one of the pillars of the Indian. If the growth of organized retailing sector (corporate owned retails) is already progressing at good rate, where does this need come from? FDI can have some positive results on the economy: -lead to greater efficiency -improvement of living standards, -apart from greater integration into the global economy, -Better operations in production cycles and distribution. - boost tourism as seen from experience in Singapore and Dubai. -consumer is benefited by both price reductions and improved selection, brought about by the technology and know-how of foreign players in the market. -One of the benefits of FDI/Foreign players is that they provide access to global markets for Indian Producers as it might ultimately lead to increased sourcing from India as was the case in China. Retail trade with around 12 million grocery shops in India, is fragmented, unorganized and small, with little capital for either expansion or to extend credit to consumers. FDI in retail with influx of better managerial practices and IT-friendly techniques would synergies these stores. This would facilitate lowering of prices and offering benefits to consumers, apart from providing jobs. IT helped Wal-Mart reduce its distribution costs to 3% of sales compared to 4.5 % for others. Expected reduced wastage due to setting up of integrated supply chain is another factor favoring FDI. McKinsey estimates that India wastes nearly Rs. 50,000 crore in the food chain. Retail giants such as Wal-Mart or Carrefour can help develop the food processing industry by providing a cold chain. It is argued that linking up retailers will confer biggest benefits in terms of higher exports, as is happening in China.
FDI can have some negative results on the economy: -Render millions of unorganized retail sector jobless -will transfer lower technology or goods in India (Dumping of goods) -Foreign goods will be sought, so flow of foreign exchange and also loss of domestic industries -Domestic Industries (Manufacturers) will also have to face competition in both pricing as well as quality -Will also start influencing government laws and regulations (As done in China, Malaysia, etc.) -Buyer's monopoly: increased buyer concentration if FDI allowed in retail. Example: in Canada, one single retailer, Wal-Mart, controls 52 per cent of the retail market. -Infrastructure and Traffic problems: finding adequate space for stores, parking etc. -Labour: employment increase but lot of cost-cutting too... low wages.

Skilled Manpower Shortage in India: Saurabh Srivastava

Uploaded by

Copyright:

Available Formats

Skilled Manpower Shortage in India: Saurabh Srivastava

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Skilled Manpower Shortage in India: Saurabh Srivastava

Uploaded by

Copyright:

Available Formats

Skilled manpower shortage in India

Is FDI required in Retail Sector?

You might also like