2. Shifts in Economy
• The composition of GDP is under going a change.
• Shift towards Service Sector.
• Almost 60 to 70 % of GDP, in developed nations, is
linked to Service Sector.
• Aging/Retiring workforce
3. Key Issues
• Regional imbalances in workforce
• Industry – Academia mismatch
• Paradigm shift in expectations of workforce
• Emergence of “innovation” driven services economy
from a “production” centric brick-and-mortar economy
• Growing population; more jobs but still wide spread
unemployment and underemployment with chronic
recruitment/attrition problems for most organizations!
4. Few present scenarios
Entrepreneurship and innovation boom in India
• Young graduates prefer to launch new ventures in
most Tier 1 colleges and university campuses!
• University and college incubation centres are
growing in every state
• Start up ecosystem are shaping up in most major
cities in India
• Access to funding, mentoring, acceleration and
intellectual property services for new ventures are
becoming easier by the day
• Creating wealth from knowledge; without traditional
full time employment; freelancing, bootstrapping &
crowdsourcing
