Source | Economictimes | BY: Brinda Dasgupta,
BENGALURU: 61 per cent of India’s higher education leaders said that the education system is unable to respond to society’s changing needs, says a study conducted by the IBMInstitute for Business Value (IBV) in cooperation with the Economist Intelligence Unit, to to evaluate India’s growing skills challenge and propose recommendations to bridge the gap.
Addressing the looming talent shortage will be instrumental to prepare India for the competitive global economy. A majority of Indian executives surveyed in the study said that the quality and quantity of skills in the Indian workforce are at least comparable to those of other countries, and many reported them to be superior. However, only 40% indicated new employees recruited in local labour markets have the requisite job skills.
The IBM study, ‘Upskilling India’, derives insights from a survey of academics, corporate-recruiters, and emerging education leaders in India. In addition, the study also analysed results of recent surveys of startup entrepreneurs, venture capitalists and corporate executives.