Current Challenges Of India 's Third Largest Workforce

India has become a global conduit for business as they have liberalized their economic policies over the past 20 years. Companies are flocking to India because of many factors, including, less expensive labor costs, increasing growth rate, and an abundance of a highly skilled workforce. These factors in addition to other advantages have substantially increased the number of United States businesses looking to grow beyond the U. S borders into the county of India. Dunlop Software Consultant’s goal is to also expand its operations internationally and believes that India has the business environment to meet our goal of expansion globally.

But it is clear that the India’s success came not from home demand but from US demand. Indian engineers have been for years working for US companies, especially in IT sector. With the growth of IT industry, there has been developed a sort of strong “Indian connection” in Silicon Valley. According to Anna Lee Saxenian, an associate professor at the University of California at Berkeley whose research is a study about Silicon Valley’s immigrant, that “of an estimated 2,000 startups in Silicon Valley 40% are Indian-spawned.” [4] The Indian connection in Silicon Valley, the intellectual capital in India and the trend of outsourcing in current global competition altogether bring India a great competitive advantage.

The biggest advantage of spreading the business in India is the population of the country. India has huge population and is enriched with efficient human resources. It is the second largest country in terms of population. Larger population brings in larger customers which mean increased sales. A good labour force and can be

By nature employment is classified into part time and full time. The study of the nature of employment helps in assessing the magnitude of workforce fully reliant on earning from the IMS. This is discussed with Table 1 given below. More than 80% of workers are found to be engaged as full time workers (FTW) at the national level. However a trend of sinking part of FTW is observed with a increasing share of the part time workers (PTW). Dominance of male employment over the female employment is observed both for the category of PTW as well as the FTW. Gender wise distribution of employment shows that the share of both the full time male workers (FTMW) and full time female workers (FTFW) have decreased in 1994-95 and then continuously increased in 2005-06. Part time male workers (PTMW) shows declining share over the entire period, whereas the part time female workers (PTFW) shows an increasing share during the same period. A discussion on the growth of employment by nature and gender revealed the fact that growth rate of the FTW as well as PTW was higher during early reform period as compared to the later reform period, at the national level. The FTW suffered a negative growth during the later period, which causes the overall growth of the FTW to be lower. The growth of the PTW at all India level is higher. The category of PTW, PTFW is growing at a slower rate, but is higher than the growth rate of PTMW at the

India is a large country with a large population. She is faced with an alarming situation of widespread unemployment. A large number of people are unemployed both in the urban and rural areas.

The planned growth put the country back on track. Today, the literacy rate has improved to over 75 per cent, the per capita income has crossed Rs 25,000, health care facilities are available in every part of the country, and employment opportunities are growing. The large size of the population is actually a great source which can lead the country to dizzy heights. Nearly fifty per cent of our population is young which means a great working potential, which, if properly utilized can increase production and eradicate poverty.

India’s workforce is well educated and demands a lot less than those in the western world, because of this business tend to

During the last 2 years or so, India has been a victim of Global recession. It caused huge losses to the companies, leaving many as jobless. It further increased the rate of unemployment and made them as bankrupts in the society.

India's rate of population growth of some 2.2 per cent has been relatively slow as compared to other developing countries” (Johnston & Clark, n.d., p. 405). “High population growth rate is one of the major reasons for poverty in India and the lack of success to financial resources” (Kaur, 2013).

There is a great change going on in employment trend and labor force in the U.S. in 21st century because of aging, diversity immigrants and few other factors and it’s a dramatic change, from 1950 to 2050. This massive demographic change has an impact on the number of people working or people looking for work. In the beginning of 21st century the demand for labor force has increased which is one of the main source for growth and economic progress. Growth rate in population and labor force has changed the trend in employment today compare to 1950. Today more older people are working, its more diversified and more women are involved at workplace. There are going to be significant changes in coming years compare to past 50 years. For example, labor growth rate will be less than what we had in past 50 years. As per the Mitra Toossi’s article “A century of change: the U.S. labor force, 1950-2015”, ‘The high growth rate of civilian labor force in the past 50 years will be replaced by much lower growth rates in the next 50 years’. The main reason to this slowdown in growth of the labor force is high tech innovation which is reducing the demand of traditional labor force.

India with about 1.2 million populations and china with about 1.3 billon population are two big demographic and emerging countries in the world .Over a past few decade India’s combination into the economic has been accompanied by remarkable economic growth (World Bank 2011¬).India is having the 3th position on the economy in purchasing power parity (PPP) terms (The Economic Times, 2012). India’s total GDP (gross Domestic Product) growth was 5.5% in 2012 and inflation rate is was .........(The Economist, 2012) .According to government of India poverty has been decline from 37.2% in 2004 to 29.8% in 2010 (world bank 2011).The major economic growth sectors

India’s coal reserves are the fourth-largest in the world. Approximately 49% of land is arable, with a further 3% delegated for permanent crops. India also contains 1907.8 cu km of total renewable water sources, which can be expected to become a valuable commodity in the future. Furthermore, the principle resource of India is its intellectual capital, as it has over 20 million well educated, English language-speaking individuals participating in demanding industries such as medical, and information technology. For the last 100 years or so most educated Indians have migrated to other countries in search of employment, however, due to rapid development in India, this trend has been reversing.

The economic globalization in India began in the 90’s with the economic growth being credited to advances in IT (Information Technology) business. “One of the major forces of globalization in India has been in the growth of outsourced IT and business process outsourcing (BPO) services” (1). The past few years have seen more and more educated people due to India’s low cost of labor but educated and English speaking workforce. With economic globalization hitting India in the IT and BPO fields, it has allowed companies to expand their operations to India to take advantage of their massive growth opportunity. The ability for corporations to expand to India has enabled huge corporations to open up markets in India allowing for great

India is a republic dominion in South Asia. It has the second highest population in the world after China, which reached the 1 billion mark in June 2000. As per the latest Census of 2011, the total population of the country is 1.21 billion, which includes 623.12 million males and 587.4million females. India’s share of the world population is 17 percent. The literacy rate among the population for seven years and above for the country stands at 72.99 percent. The total workforce in the country is 397 million, going by the latest Round of National Sample Survey (NSS) of Employment and Unemployment. Nearly 92 percent or more out of this are occupied in the unorganized sector activities, counting informal sector, whereas in organized sector, almost 8% is employed. The ratio of workforce engaged in agriculture to that in non agriculture sector is 3:2 for the total employment. As far as the non-agriculture sector employment is concerned, 82% is the unorganized workforce and about 18 per cent is the organized segment. Out of the total workforce of the country, merely about 12 to 15 per cent of the total workforce in the country is estimated to be falling in the category of wage or salary employment. As per the Economic Survey, Government of India 2002-03, such employees comprise about 40 per cent of the workforce in the urban areas and 6 per cent of the workforce in the rural areas. As per the Government of India report of 2002, only 5% of the work force, aged from 20 to 24 has

Since India’s period of instability, the country has embarked on a process of economic reform that aims to put it on a path of rapid and sustained growth (European Commission, 2009). Efforts have seen per capita rates rise, year by year, in particular, from 2008 ($1,016) to 2009 ($1,032), a 6.7% growth rate, noting that income is growing rapidly amongst urban consumers.