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Strategies & Market Trends : World Outlook

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To: Les H who wrote (1858)	4/20/2003 8:14:47 AM
From: Les H	Read Replies (2) of 48918

India looks at U.S. jobs Published April 20, 2003 Americans who have gotten comfortable with the idea that jobs will be plentiful in the next 20 years as Baby Boomers retire may not have counted on India. According to The Times of India, the All India Management Association has estimated that making India a global outsourcing center for knowledge-based services can create 40 million new jobs there by 2020. The estimate is based on anticipation of a shortage of between 32 million and 39 million skilled workers in the developed countries by 2020. The report says countries facing shortfalls are the U.S. (17 million), China (10 million), Japan (9 million) and Russia (6 million), as well as France, Spain and Germany (3 million each) and the U.K. (2 million). India will have the maximum surplus workforce at 47 million, followed by Pakistan (19 million), Bangladesh (7 million), and Indonesia and Mexico (5 million).

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