INDIA'S ASCENDANCY AS THE LEADER OF EMERGING ECONOMIES

A Paradigm Shift in Skilled Manpower and Human Capital

- Dr. Parul Malik

India's rise as a leader among I emerging economies is not solely driven by its economic growth and geopolitical influence. With its significant demographic advantage, India indeed has a large working-age population with approximately 65% of its total population below the age of 35. The nation has also become renowned for its abundant skilled manpower and human capital, which have significantly contributed to its ascent. This article delves into the factors that have propelled India's leadership in skilled manpower and human capital among emerging economies, highlighting the country's achievements, challenges, and strategies that have fuelled its success.

With its robust education system, India produces a vast pool of highly skilled professionals. The country has a large network of universities, colleges, and institutes dedicated to imparting quality education. Premier institutions such as the Indian Institutes of Technology (IITS) and the Indian Institutes of Management (IIMs) have gained international recognition for their academic excellence. Additionally, India's emphasis on science, technology, engineering, and mathematics (STEM) education has nurtured a strong foundation for innovation and technical expertise. Skill India offers courses across 40 sectors in the country which are aligned to the standards recognised by both, the industry and the government under the National Skill Qualification Framework.