The Hindu Business Line : Human capital in short supply: Nilekani

HR CHALLENGES: Dr Rakesh Mohan (left), Deputy Governor, RBI, and Mr Nandan Nilekani, CEO, Infosys, at the TiE Entrepreneurial Summit in Mumbai on Tuesday. - Paul Noronha

Mumbai , Dec 19

There is a serious shortage of human capital for the IT industry, said Mr Nandan Nilekani, CEO, Infosys. Despite turning out five million graduates every year, he said there is a paucity of skilled professionals.

"India Inc must seriously come together to expand the existing pool of talent in the country."

According to Mr Nilekani, the prevailing regulatory structure in education is a major bottleneck and unshackling the education space is important to encourage foreign institutes in the country. Speaking at the TiE entrepreneurial summit on Tuesday, Mr Nilekani stated that deregulation in education will have a positive effect.

Ms Naina Lal Kidwai, Country Head and Group GM, HSBC India, said human capital is a critical issue.

"Increasing attrition and training at junior and senior levels are a huge challenge," said Ms Kidwai. Only 10 per cent of students in engineering colleges are women and 20 per cent of students in management colleges are women, she added.

Speaking at the meeting, Dr Rakesh Mohan, Deputy Governor, Reserve Bank of India, said there is a need for policy entrepreneurship.

"One of the disturbing features is the stagnation in the field of agriculture and there is a need for a new policy," he said.

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