Turning Canada’s crisis into India’s opportunity

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Turning Canada’s crisis into India’s opportunity

Tuesday, 07 January 2025 | Dinesh Sood

Turning Canada’s crisis into India’s opportunity

India holds the potential to become a global talent powerhouse by addressing skill gaps and aligning training programs with international demands

For years, Canada has been a top destination for Indians, especially Punjabis, seeking quality education and better employment opportunities. However, as Canada grapples with various socio-economic challenges, the situation has created a ripple effect with unforeseen opportunities for India. While the crisis in Canada poses significant concerns, it also presents a moment for introspection and action for India’s young workforce. India stands at a unique vantage point, with its burgeoning youth population and a growing demand for skilled workers across key sectors like IT, hospitality, transportation, beauty and wellness, and retail.

The current global workforce shortages highlight India’s potential to bridge these gaps while empowering its workforce to meet domestic and international demands.With over 65 per cent of its population under 35, India boasts one of the world’s youngest and most vibrant workforces.

This demographic advantage positions the country as a potential global talent hub. However, the critical challenge lies in transforming this potential into a skilled, job-ready workforce .While India’s youth are ambitious and eager, many lack access to industry-relevant skills and training. Bridging this skills gap is crucial for ensuring employability and driving economic growth. Canada’s challenges serve as a wake-up call for India to accelerate its focus on skill development, especially in sectors that align with global demand.

Global Demand Beyond Canada

While Canada’s crisis has brought attention to the workforce, opportunities extend far beyond North America. Countries in Europe, as well as South Asian nations like Taiwan and Vietnam, are also facing workforce gaps and require skilled, hardworking individuals.

With its demographic advantage and growing focus on skill development, India is well-positioned to fill these gaps. By aligning training programs with the specific needs of these markets, India can cement its reputation as a global supplier of talent. Bridging the Skills Gap with Policy Support India has already made strides in skill development through initiatives like Skill India, Digital India, and the National Skill Development Mission. However, these efforts must be scaled and aligned with global standards to capitalise on emerging opportunities, and the private sector truly should be able to design certification programmes that meet international benchmarks. Hands-on training, internships, and industry-specific curricula ensure that Indian workers are both employable and competitive globally. Equitable access to skill development programmes is critical. Government subsidies, partnerships with educational institutions, and digital learning platforms can make high-quality training accessible even in rural areas. Technology can be a game-changer in India’s skill development journey. Online learning platforms, virtual reality simulations, and AI-driven personalised training modules can revolutionise how skills are imparted.

These tools make training accessible to even the country’s remotest corners, enabling millions to participate in the economic mainstream.Skill development should focus on employment and fostering entrepreneurship. For instance, a trained beauty and wellness professional could start a salon, or a logistics expert could launch a delivery service. With mentorship and financial support, such ventures can create jobs and spur regional economic growth.

Key Sectors with Growing Opportunities

1. Information Technology (IT):

India’s IT sector is already a global leader, but the rapid advancements in artificial intelligence, cloud computing, and cyber security require a highly skilled workforce. As digital transformation reshapes industries worldwide, there is a pressing need for talent proficient in emerging technologies. Training programmes should focus on data analytics, AI applications, and cyber security protocols to meet global standards.

2. Hospitality and Tourism:

With increasing international and domestic travel, the hospitality and tourism sectors demand professionals with strong soft skills, cultural competence, and customer service excellence. Vocational training in these areas, coupled with language enhancement programs, can help Indian youth secure lucrative positions both at home and abroad.

3. Transportation and Logistics:

The transportation industry is a vital economic pillar, requiring skilled personnel for logistics management, safety protocols, and infrastructure operations. By offering targeted training in these areas, India can create a workforce ready to address the growing demand in this sector.

4. Beauty and Wellness:

Often overlooked, the beauty and wellness industry has witnessed exponential growth globally. This sector offers immense opportunities, from cosmetology to spa therapies and holistic wellness. By blending traditional Indian practices with modern techniques, India can produce skilled professionals catering to diverse cultural needs worldwide.

5. Retail:

The rise of e-commerce and the evolution of traditional retail have created a demand for skilled workers in inventory management, customer relations, and digital marketing. Training programmes focused on these areas can help India’s youth tap into this dynamic sector.

A Collaborative Effort Capitalising on these opportunities requires a coordinated effort between the government, private sector, and educational institutions. Policies should focus on creating industry partnerships, providing financial incentives for skill development, and ensuring that training programs are aligned with market demands.

At the same time, private enterprises must invest in upskilling initiatives and collaborate with training institutes to design job-ready curricula. International partnerships can also be vital in providing Indian workers with exposure to global best practices.

Seizing the Moment India’s youth stand at the cusp of a transformative moment. By equipping them with the right skills, the nation can address unemployment, meet global workforce demands, and drive economic growth. The current challenges faced by countries like Canada remind us of the interconnectedness of global economies and the opportunities that lie within crises. This is an opportunity for India to fill workforce shortages in other nations and elevate its standing as a global talent powerhouse. By focusing on skill development today, India can ensure a brighter, more prosperous tomorrow for its young generation and the nation.

As the world navigates economic uncertainties, it is not the crises that define us but how we respond to them. This is a moment for India to turn challenges into opportunities and empower its youth to shine within the country and on the global stage.

(The writer is co-founder and MD of Orane International, a training partner of the National Skill Development Corporation (NSDC) and a network Member of India International Skills Centres, an initiative of GoI. The views expressed are personal)

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