CII in association with Mercer, published a post event Report on ‘Reviving Economic Growth and Development: Leveraging Human Capital’, against the backdrop of the 6th HR Summit, which was held in Mumbai on 1 October 2013. Mercer India was the Knowledge Partner to the Summit.
The report concentrates on the shift from ‘population problem’ to ‘demographic dividend’ in the Indian context, and emphasizes on the following key challenges that we face today:
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Creating 10-12 million jobs annually for our incremental workforce
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Embracing technology and automation, which ironically, create fewer jobs in their wake
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Focusing on employability of the workforce, and creating jobs that the economy needs
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Harnessing our demographic dividend before our workforce starts aging, lest we get caught in the ‘middle-income trap’
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Remaining cost-competitive in the global economy, amidst rising labour costs