Global skills index 2020: India leaps ahead of China in business and technology skills

India’s emphasis on affordable and accessible education, especially at the college level, will produce a vast number of level A talent.

   
Global skill index, India ahead of China in technology and business

India has surged ahead of China in business and technology skills due to its growing younger population, said Coursera—an online learning platform.

In its latest Global Skills Index 2020, India ranks 34th within the business domain whereas China ranks 45th. Within the technology domain, India ranks 40the globally whereas China ranks 50th.

Looking across the 65 million learners on the platform and drawing on performance data of learners in the past 12 months, the report benchmarks skills proficiency for 60 countries, 10 industries and 11 fields of study in business, technology and data science.

Within the data science domain, however, India ranks 51th globally (lagging) and 12th among Asia Pacific countries. Within the data management competency, India ranks 58th globally and 15th among Asia Pacific countries in data management skills at 3 per cent skills proficiency (lagging).

Coursera quoted a study by Korn Ferry as saying that India will have a talent surplus by 2030, driven by a growing younger working population compared to the ageing population in China.

India’s emphasis on affordable and accessible education, especially at the college level, will produce a vast number of level A talent.

By 2030, the talent surplus will be most visible in industries like financial services (with a surplus of 1.1 million professionals), technology, media, telecommunications (with a surplus of 1.3 million professionals) and manufacturing (with a surplus of 2.44 million professionals). Realising the importance of upskilling and training, the Indian government has already introduced various programmes under its Skill India initiative to nurture highly skilled and employable Indian youth.

“With the Indian workforce expected to increase 27 per cent to 600 million by 2022, the opportunity for India to become the global talent hub for emerging technologies cannot be understated,” said Global Skills Index 2020 report.