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India’s Gross Domestic Product (GDP) can grow from the current $3 trillion to $9 trillion by 2030, and $40 trillion by 2047, if the country’s working-age population — which is expected to increase by over 100 million people between 2020-30, is productively employed, according to a report by the Confederation of Indian Industry (CII). The report also cautioned that if India does not create enough jobs and its workers are not adequately prepared for those jobs, its demographic dividend may turn into a liability. This, it added, can be done on a sustained basis only with changes in its policy frameworks for education and workforce management. Since the job market is biased towards high-skill labour, the creation of jobs for low-skill labour, who would continue to dominate its workforce, will challenge India, it said. In 2020, there were about 900 million people (67% of total population) in the working age group of 15-64 in India, which is expected to expand by another 100 million by 2030, despite a declining trend in fertility rate. This implies that a whopping 24.3% of the incremental global workforce over the next decade will come from India, the report states. “The golden period of 30 years between 2020-50 where our working age population will bulge can be an important horizontal enabler to bolster growth, even as the developed world including China ages,” the report says. Whereas the experts say, India may well surpass the government’s target of $5 trillion GDP by 2025 with a marginal delay.
As part of the ongoing multi-decadal growth super-cycle, India is expected to add a trillion dollar to nominal GDP every few years despite the damaging effects of the Covid-19 pandemic, demonetization and the IL&FS crisis that had shaved off Rs 8.48 trillion in investor wealth crisis over the past four years. This is a trend no investor wants to lose out on,” Experts say. Over the years, India has experienced rising literacy rates, but the level of vocational train
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The government is looking at rolling out a five-year strategic perspective plan to make India a significant tech player, Minister of State for Electronics and IT #RajeevChandrasekhar said.
Govt to roll out 5-year plan to make India big tech player: Rajeev Chandrasekhar
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CII’s International Department launched Market Facilitation Services (MFS) last year to offer targeted trade and investment facilitation services to Indian companies looking to expand business operations in global markets. A consultancy service, MFS is part of CII’s constant efforts to reorient activities to keep pace with changing paradigms in the global trade and investment ecosystem. MFS aims to assist member-companies interested in entering new markets through trade and investment facilitation projects.
Learn more: https://bit.ly/3tiKHpz
CII Market Facilitation Services
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COVID-19 is not over yet. This calls for us to be vigilant and cautious to avoid the next wave of the pandemic. Risk surveillance is the way forward.
COVID-19 Risk Surveillance
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Do you love the mega action sequences of Avengers? Or were you intrigued by the world of Interstellar?
Indian animation & special effects industry had a role to play in it.
Watch the video to learn more.
Indian Animation Industry
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India@75 is a path breaking initiative. It envisions how India should be in her 75th year of independence and seeks to bring together all stakeholders including the industry, government, institutions, community groups and individuals to translate the vision into a reality.
Prof C.K.Prahalad has been the inspiration behind India@75. While commemorating the 60th year of India,s independence, on 23 Sep 2007 during the Incredible India@60 commemoration at New York he articulated the idea of holistic three dimensional development of India to acquire enough economic strength, technological vitality and moral leadership by 75 years of independence. CII adopted his vision on 8 May 2008.
CII4Development of India@75
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India@75 is a path breaking initiative. It envisions how India should be in her 75th year of independence and seeks to bring together all stakeholders including the industry, government, institutions, community groups and individuals to translate the vision into a reality.
India's Journey_India@75
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India's rich diversity comes from the cultural heritage that has percolated over centuries. Watch the video to learn about the masks of India. Don't forget to wear the most important mask of all to ward off COVID-19.
Masks of India
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The world's biggest sporting event is here. Check out top 5 amazing facts about #TokyoOlympics2020 and #Cheer4India! Here's wishing the Indian contingent all success.
#Olympics #Olympics2020 #Tokyo2020
Top 5 facts about Tokyo Olympics 2020
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Coronaviruses are a group of viruses that are covered with protein spikes resembling a crown, which is called the corona. There are hundreds of coronaviruses, but seven to date are known to affect humans. Coronaviruses primarily attack the respiratory and intestinal organs of humans. SARS-CoV caused SARS, MERS-CoV caused Middle East Respiratory Syndrome (MERS) in 2012, and SARS-CoV-2 (the seventh known coronavirus) has resulted in the current pandemic.
Understanding Coronavirus
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