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India’s skills factory
April 23, 2014

India’s skills factory

In India alone, nearly 13m people are joining the workforce every year, of which only 7% have received some form of vocational training. Even those who have such training can be ill-equipped to compete—only one-fifth of India’s 400,000 annual engineering graduates are considered employable by the nation’s software industry. While developed nations struggle with shrinking workforces and ageing populations, emerging markets such as India face demographic time bombs—so, either close the skills gap now or risk stagnation.

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