1. India economy is on the boom,the employablility in more in todays context,Lucurative jobs are offered by the employers but their is lack of desired talent, skill set to match the expectation of the employers. This is the area of concern where we need to work on.
As the economy expands, rising labor costs are to be expected as the competition for skilled labor intensifies. India Inc must bear some blame for any shortage of skilled labor, as they have not come together to create a corpus to help struggling but brilliant students in accessing higher education - and the numbers are huge. This dearth of effort and indifference will come back to haunt them soon, because with a burgeoning economy, the lag between graduation and garnering effective skills will put a crimp in their expansionm, and thus their bottom line. Rising costs may also allow other lower cost nations to eat into the share of work held by Indian firms.
Wonder if this is a sponsored article. This is actually payback time since Indian corporates never hiked payscales in accordance with the growth, if you look at it before the research period. The balancing period is going on now.
