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India’s young and English-speaking workforce may have an advantage over China in today’s job market, according to Manpower Group President of Global Corporate and Government Affairs, David Arkless.
In an interview with the Press Trust of India, he said: “India is not a typical emerging market economy. It is a very specific talent market and Indian economy operates totally differently from Chinese or any other emerging market or global growth economy.
“In terms of human capital benefit, India has a highly literate and very driven young people. We see that the big benefit for India is that it has a much bigger young, literate English speaking relevant workforce, which is more relevant on the global level, as compared to the Chinese young people for instance. That's going to be the biggest strength in future for Indian labour market.”
Mr Arkless, who was at the World Economic Forum in Davos last week, said that businesses still have to prepare for market uncertainty.
“We are telling our customers that only one thing is certain in future and that is the uncertainty. We know that there is going to be volatility. We are telling all our associates that this is the new normal. It is not going to go back to what it was five years ago,” he said.