Time for Indian states to pick best opportunities to compete globally
India is transforming, thanks to its strong performance selling products and services around the globe. But what interventions, at a State level, can do the most to ensure Indian exports are globally competitive?
Building India’s talent base
When India found itself at the 103rd position in the recent World Economic Forum ranking of 130 nations on the preparedness of talent, it was just another indication of the skills challenge.
Economy, Business and Industry
Mansi Arora, Rajesh Chakrabarti, and Kushal Sagar Prakash from Sunay Policy Advisory have undertaken an analysis of three key ways to up-skill more people: vocational training; apprenticeships; and loans to micro, small and medium enterprises (MSMEs).
According to National Skill Development Corporation (NSDC) estimates of 2012, Andhra Pradesh has a big need for skill development. Between 2017 and 2022, about 21 lakh individuals are expected to join the state’s workforce, with more than 97 percent of them being either totally or partially unskilled. "
The research by Dr Amitendu Palit from the Institute of South Asian Studies, National University of Singapore, analyses three policies to improve export trade for Andhra Pradesh: certification facilities for marine product exports; development of Coastal Economic Zones; and modernizing port facilities.
Ease of Doing Business