Finally someone sensible speaking simple common sense, apparently not known to consultants/media. The truth is that most businesses are not doing rocket science, they don't need Einsteins with problem solving skills or whatever that consultants or world bank chaps talk about. Simple on the job training is more than enough for almost 80% of the so called skilled jobs that our economy is currently producing. As a simple analytical point consider China, they produce 30% of world's manufacturing output but only 18% of their workforce is employed in manufacturing. India is at 3% of the global share, for us to get to 6-7% will not need some grand revolution in skills. The big issue in the country is to increase investments, reduce regulatory bottlenecks to all kinds of industrial investment. Once jobs are there skilling will happen either through the firm or government or public-private partnership or individuals themselves will go and learn personally or online etc.
Training on a job is a farce that flourishes Bonded Labour; many Indian IT MNC do this while their founders claim the intent to be Philanthropy. China is a bad example as their product took decades to become the quality they are today, specifically because they let workers be trained on jobs. Japan is the opposite where they require years of training to be good. India needs to find a balance.
Yep, but without skill and knowledge you will not get high paying jobs. You have example of MBA and engineer graduates, most of them start their jobs with 10 to 15 k salary. Our job market is dominated by the BPO, sells and marketing where unskilled average graduate gets 15 to 20k thousand salary. Same is the case with IT sector. We have such low wages jobs, but our youth are not ready to do such jobs. They want higher wages but when industry demands knowledge and skills, most of the graduates fail the interviews
A carpenter in India has skill but a engineer is with knowledge but no skill as he has mind grinded but hands binded. That why engineers are unemployable.
His damn right on the job training is can be sufficient for new workers to do the job at par with industry standards but Simply put India biggest problem is going to be unequal income disparity and Stagnant Wage growth in Formal sector. Just look at every service to manufacturing at Entry level to Mid Level Wage is just Joke.
Disagree, skilling up doesn't only mean making them fit for the job. Regulatory hurdles are definitely a problem and arguably should be a bigger priority but a well educated population goes way beyond filling positions. Even today, our majority MBA and Engg. graduates are robots that too very outdated, they lack creativity and struggle at even the basic tasks (talking from experience), this creates the vicious cycle of low paying and low level jobs due to which Indian ecosystem got stuck being a world backoffice and innovation became a taboo. The population needs to be highly skilled so that the low level jobs be taken by the tail end of the skill curve and people move up the ladder.
People will do stuff if you allow them to. They will work hard and crack exams, work diligently and regularly to get experience, etc. But unfortunately, still a lot of red tape-ism exists in most parts of the country. Even good governance will need time as people change culturally.
Finally someone sensible speaking simple common sense, apparently not known to consultants/media. The truth is that most businesses are not doing rocket science, they don't need Einsteins with problem solving skills or whatever that consultants or world bank chaps talk about. Simple on the job training is more than enough for almost 80% of the so called skilled jobs that our economy is currently producing. As a simple analytical point consider China, they produce 30% of world's manufacturing output but only 18% of their workforce is employed in manufacturing. India is at 3% of the global share, for us to get to 6-7% will not need some grand revolution in skills.
The big issue in the country is to increase investments, reduce regulatory bottlenecks to all kinds of industrial investment. Once jobs are there skilling will happen either through the firm or government or public-private partnership or individuals themselves will go and learn personally or online etc.
Regulatory bottleneck is the key word(s)
C'mon he is just trying to escape his own responsibility lol
Training on a job is a farce that flourishes Bonded Labour; many Indian IT MNC do this while their founders claim the intent to be Philanthropy. China is a bad example as their product took decades to become the quality they are today, specifically because they let workers be trained on jobs. Japan is the opposite where they require years of training to be good. India needs to find a balance.
Exactly 💯
Yep, but without skill and knowledge you will not get high paying jobs. You have example of MBA and engineer graduates, most of them start their jobs with 10 to 15 k salary. Our job market is dominated by the BPO, sells and marketing where unskilled average graduate gets 15 to 20k thousand salary. Same is the case with IT sector. We have such low wages jobs, but our youth are not ready to do such jobs. They want higher wages but when industry demands knowledge and skills, most of the graduates fail the interviews
Business Today, your content is a true inspiration
Spot on
Manish's English and articulation is Impeccable
@ec8610
But his Sanskrit is non-existent.
My head is spinning after listening to him .... did it make sense to most people
Very well put, Without capital and high formal job creation.
Well said sir I hope govt listen to this solution
He has a great point.
Mr. Sabharwal is the most clear-headed and pragmatic thought leader we have in India today.
Have a lot of respect for Manish Sabarwal! Worked with him
A carpenter in India has skill but a engineer is with knowledge but no skill as he has mind grinded but hands binded. That why engineers are unemployable.
Well said. Lack of skills is the biggest hurdle
Well said
Carpenter works for himself while Engineer has to work for others.
His damn right on the job training is can be sufficient for new workers to do the job at par with industry standards but Simply put India biggest problem is going to be unequal income disparity and Stagnant Wage growth in Formal sector.
Just look at every service to manufacturing at Entry level to Mid Level Wage is just Joke.
0:42 very nice, I am also talking same thing. This the one kind of S......
Tim Cook tells different about China
Disagree, skilling up doesn't only mean making them fit for the job. Regulatory hurdles are definitely a problem and arguably should be a bigger priority but a well educated population goes way beyond filling positions. Even today, our majority MBA and Engg. graduates are robots that too very outdated, they lack creativity and struggle at even the basic tasks (talking from experience), this creates the vicious cycle of low paying and low level jobs due to which Indian ecosystem got stuck being a world backoffice and innovation became a taboo. The population needs to be highly skilled so that the low level jobs be taken by the tail end of the skill curve and people move up the ladder.
People will do stuff if you allow them to. They will work hard and crack exams, work diligently and regularly to get experience, etc. But unfortunately, still a lot of red tape-ism exists in most parts of the country. Even good governance will need time as people change culturally.