Davos: India has a big advantage over China in the global labour market, as its young and English-speaking literate workforce is much more relevant on the global level, as per leading human resource consultancy giant Manpower Group.
However, the Indian government and companies need to focus on understanding the skill sets they would need in the future and train the country's young population accordingly to maintain the supply-demand balance of the job market, Manpower Group President (Global Corporate and Government Affairs) David Arkless said in an interview.
Arkless, who was here to attend the World Economic Forum Annual Meeting, maintained that he remains optimistic about the Indian labour market, although the conditions remain volatile and uncertain globally.
"In terms of job market, our views are a little different from the 'Resilient Dynamism' theme of Davos meeting.
"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.
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