Chocko Predicts India to be the Global Skill Factory on Outlook’s 25th Anniversary
Considering the significance of education and higher studies among the Indian families, Chocko Valliappa, Managing Director, The Sona Group, predicts India to become the skill factory to the world by 2045, on the occasion of Outlook completing 25 years. With the new education policy focusing on higher education like never before, the chances of the Indian youth graduating with multiple, industry-relevant skills are higher. India has the highest number of engineers graduating, globally. Being a rich source of skilled workforce, India controls 15% of the world’s economy.
Augmenting the possibility of India becoming the next global skill factory is the booming automation and robotics market. As the Artificial Intelligence and Machine Learning is already the new normal, there are several skilled graduates who are also equipped with AL and ML skill sets. This rare skill is a mandate to take the world by storm in this digital era where data is the king. Huge population that is equipped with all the industry-relevant skill sets is all set to serve as a bridge between the industry requirements and the existing skill gap.