India to have 20% of world’s workforce in the next decade

India will account for 20 per cent of the world’s global workforce in 2020s. The average age of Indian workforce will be 29 years as compared to 37 for the US and China and 45 years for Europe, Kapil Sibal, minister for human resource development, communications and IT said at the India Economic Summit 2011 in Mumbai.

Tata Consultancy Services said India would soon have 136 million graduates compared to 23 million in China and 11 million in the US. According to him India will see 200 million graduates and 500 million skilled staffers by the year 2020. To ensure adequate jobs are available the government is trying to set up vocational institutes close to the industry clusters so that the industry can give inputs on the needs from talent.


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