May 2013

Mohammad Anas Wahaj | 30 may 2013

According to an economist, government policy and jobless growth, are the two significant factors that have increased socio-economic inequality in Indian society in the post-reform period. Although India has been one of the fastest growing economy having a large service sector amounting to 60% of the GDP and 55 billionaires making to the Forbes list with the top ten having an estimated net worth equivalent to 5.5% of India's GDP (Gross Domestic Product) but on the other side are the poors whose condition has worsened and their number increased in recent times. India is ranked 73rd out of 88 countries in 2011 annual Global Hunger Index and 8 Indian states amount to 421 million poor, more than combined total of 26 poorest African nations (410 million). Poor quality of education, lack of employability skills among the educated, large populations still engaged in agriculture (50% of total), gap between service sector contribution to GDP (60%) and employment in the sector (30%), decrease in manufacturing sector employment, self employment of 60% with most individuals involved in low paying activities and less spend allocated to health and education (less than 5%) are some factors and indicators of the widening gap between the rich and poor. Read on...

Business Standard: India has a problem with inequality, and it won't be solved easily
Author: Kunal Kumar Kundu

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Mohammad Anas Wahaj | 29 may 2013

A senior chemical industry consultant suggests that India should learn from China in creating and developing technologies instead of importing them and to become an economic super power. He mentions that China is consistently strategising and working on its energy security. In a recent instance the reduction in price of solar panels was a result of dumping polycrystalline silicon photovoltaics in the market by China. On the other hand India doesn't have any polycrystalline silicon production facilities and is totally dependent on imports. China is also taking a lead in technologies and production of other sources of energy like methanol particularly for automobile fuel as it is considered cheaper then gasoline. China's policy to establish chemical and industrial parks on barren lands instead of agricultural lands can be replicated for better all round economic development. Read on...

The New Indian Express: India should learn from China to become an economic superpower
Author: C. Shivakumar

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Mohammad Anas Wahaj | 27 may 2013

According to a job portal, salary and job stability are the two important parameters that youths consider while pursuing jobs in India. Experts say that the top paying jobs currently are- investment banking (financial analysts and advisers), technicians (factory floor workers and technicians in manufacturing and automobile industry), analytics (decision making based on data like actuarial in insurance and fraud detection, ecommerce managers etc), social media specialist (content managers, sales, marketing etc), and mobile technology (mobile architecture, applications development, hardware and software specialists). The pay rise of 30-40% is expected if any individual shifts to any of these jobs. Read on...

Business Standard: The careers that pay
Authors: Yogini Joglekar, Priya Nair

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Mohammad Anas Wahaj | 18 may 2013

Manufacturing sector in India is finding it difficult to attract talent at the leadership level. Similar is the case at the entry level where students don't prefer manufacturing due to low salaries, location and low chances of career advancement. On campus recruitment preference for manufacturing this year was only 14% as compared to 26% for consulting. According to experts companies are unable to grow talent internally and there is a huge skill gap since in India manufacturing leaders are not groomed for strategic and lateral thinking. Moreover lack of available talent at top positions has also been exacerbated due to expansion of Indian companies abroad and expansion plans of overseas companies. There is lot of competition for the right candidates at the leadership level in the manufacturing sector. Read on...

The Economic Times: Manufacturing sector faces leadership crunch as cos fail to build talent pipeline
Author: Anumeha Chaturvedi

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Mohammad Anas Wahaj | 17 may 2013

In the India's labor market there is a visible and significant mismatch between the jobs on offer and the skills of the candidates. The workforce participation is 39.8% of the total population of 1.1 billion in 2011 while China's total employed is 70% (population 1.35 billion) and US has 64% employed (population 316 million). In a recent research report in the years between 2004-5 and 2009-10, manufacturing sector employment actually decreased by 5.03 million. Experts suggest that informal sector employment of 85% needs a critical transformation to correct the imbalance. Addition of jobs in the 6 year period between 2004-2010 was only 2.76 million. There are numerous stories in the Indian job market where people apply for jobs where they are substantially over qualified. And on the other hand there are instances where educational qualifications are insufficient as the candidates don't have the required skill sets to get hired. All this suggests a gap between the education system and the labor market. Integrated efforts by the government, the industry and the educational institutions are needed to bridge this gap and provide meaningful and gainful employment to the millions of educated youths, whose lives and efforts might otherwise get wasted. Read on...

Hindustan Times: Skills don't match jobs in India's new work profile
Author: Gaurav Choudhury

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Mohammad Anas Wahaj | 17 may 2013

During the period 2001-2011, the number of Indian farmers decreased by 9 million and is currently at 118.7 million, according to a recent census. Experts say that this trend could be disastrous. The economic contribution of agriculture is about 21% of GDP but its effects are beyond this considering that 70% of India's 1.1 billion population is rural and a large portion of it is poor. As India shifts to urban based manufacturing and services economy, if proper policies are not put in place for agrarian and rural population, it would stifle India's overall growth and would further increase the urban-rural divide. According to a report there were about 17,638 farmer suicides in 2009. About 70% of Indian agriculture still depends on monsoon. Experts say that India has to take bold initiatives to evolve its overall agricultural architecture to increase productivity and stay globally competitive. To fulfill promises of food security program India has to substantially increase its annual production from current levels. Moreover education and skill enhancement programs should be implemented for rural population and long term policies should be formulated to engage rural folks in non-farm related employment. Inclusive growth is key to India's long term future as a strong and sustainable economy. Read on...

Khaleej Times: India's agrarian crisis
Author: Neeta Lal

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Mohammad Anas Wahaj | 15 may 2013

According to a recent survey of 550 Indian entrepreneurs, 82% consider starting a business again if provided a chance to do so. This represent the unwavering commitment to entrepreneurship by Indian small and micro business owners. SMEs amount to about 95% of Indian businesses and 22% of India's GDP. The survey also mentions lack of proper credit and governmental red tape as biggest impediments to entrepreneurship. Slow economic growth and lack of governmental support for entrepreneurs are other stifling factors. Read on...

The Times of India: Indian entrepreneurs display never-say-die attitude: Regus survey
Author: NA

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Mohammad Anas Wahaj | 13 may 2013

Adam Roberts, a foreign journalist posted in New Delhi, India shares his unique personal experiences about the country, its people, the better side and not so better one. A good description for people from other countries who intend to visit India and for Indians to understand and learn about India as well if they haven't experienced it already. A 4200 km journey, ninth longest in the world, in a general compartment from Dibrugarh in Assam to Kanyakumari in Tamil Nadu. A road trip from Guwahati to Tawang. A visit to a sewage work and garbage dump in the industrial town of Surat, Gujarat. An example of better waste management. A boat ride on polluted Yamuna river in Gorakhpur, Uttar Pradesh. He suggests better management of cities, reduction in poverty, emphasis on education and more job creation. Read on...

The Times of India: The immensity of India
Author: Adam Roberts

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Mohammad Anas Wahaj | 11 may 2013

Former Indian president Dr. A. P. J. Abdul Kalam suggest capacities that are to be build in students during their formative years in schools and colleges, to grow in their professional careers and contribute in the nation bulding and development. According to him the capacities that are essential include: research and inquiry with emphasis on life long learning; creativity and innovation through collective sharing and management of knowledge and team work; use of technology for learning by adopting best available technologies in institutions; entrepreneurship should be part of educational curriculum and taking calculated risks to create and build upon ideas is essential for growth; moral leadership through value based education resulting in enlightened and concerned citizenship. Read on...

The New Indian Express: The mantras for capacity building
Author: A. P. J. Abdul Kalam

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