Bengaluru: Infosys Executive Vice President Krishnamurthy Shankar on Thursday highlighted the challenges faced by the Indian job market at a panel discussion organised by the Global Shapers Community, backed by the World Economic Forum (WEF) in Davos, Switzerland.
The conversation, Shaping Davos, aims at featuring local solutions to global issues by hosting a range of live events through two-way live streaming and Shankar joined the discussion from Infosys campus here.
After conversing with the Indian leaders—from the world of business, civil society, academia and corporate—on the topic ‘Reimagining the Future of Employment’, Shankar virtually joined other panelists from Baku, Budapest, Monterrey and Davos from Infosys campus.
“In India, every month, a million Indians become age-eligible to join the workforce. However, due to archaic system of education and lack of access to education, people still face challenges in the Indian job market,” said Shankar.
He added that the job industry should be future-oriented and entrepreneurship should be encouraged. The way of learning in rural India also needs to be transformed.
Lilla SaroltaBalogh, the international project manager of the Central Bank of Hungary, agreed with Shankar saying that people are facing the similar kinds of challenges in her country as well.
“Failure is not looked at positively in India. Indian education system is very competitive. We have youngsters committing suicide because of failure and I think that’s the biggest challenge for us,” said Shankar. Asheesh Advani, the president and CEO of JA Worldwide, USA said that the need for education system reform seems like the most common problem that every country is facing. “In Europe, we have been doing entrepreneurship program to develop the culture of entrepreneurship in schools.
AsfinYardakul, the chief editor of Haberturk News Channel said that according to the Global Shapers annual survey 2006 about 67% of the participants between the age group of 18-35 said that they disagree to the query, ‘My country’s education system meets the needs of competitive economy.’
