This is India's moment to arrive on the global stage: Vineet Jain

economictimes.indiatimes.com:

India's moment to respond and arrive on the global stage, Times Group MD Vineet Jain said in Mysuru on Saturday, pointing to the country's outstanding macroeconomic, demographic, and social indicators.

The country is now poised to take the next big jump and take a leading role in driving big ideas in three major areas -innovation in technology and entrepreneurship, education and skill development, and sustainability and environmental stewardship, he said.

Jain was delivering the valedictory address at the fourth international conclave on Globalising Indian Thought, Indian Knowledge System, Culture, and Management. Professor Debashis Chatterjee, director of the Indian Institute of Management, Kozhikode, chaired the valedictory event.

«India's greatest strength is our human resource,» Jain said, as he delved into the «Idea of globalising Indian talent» in his address.

He said India's current workforce is estimated at 495 million, which is expected to grow to 1.1 billion by 2050, implying that the country will make up 40% of the global workforce by then.

«With a million young Indians joining the workforce every month, India will be the only country on the planet with a surplus of talent,» he said, underlining the opportunity to the Indians who have already been visible and transformative at the world's most celebrated institutions.

He quoted US envoy to India Eric Garcetti's statement that more than 10% of Fortune 500 companies' CEOs are Indians or of Indian origin.

Some of the most iconic global companies such as Microsoft, Alphabet, Starbucks, Adobe, IBM, Novartis, Barclays, Bata and Deloitte, among others, are headed by persons born, educated and trained in India, Jain said.