“Learn to compete and collaborate, know how and where. Our education system and the world around us teaches to compete. So compete with your competition and collaborate with your colleagues in the organisation,” said Mr Sri Harsha, Managing Director of Sarvagnya Solutions.
Stating that present day students were lucky to be in times of great opportunities, Mr Harsha identified healthcare, realty, IT/ITeS, education and training and BFSI as major growth sector in India. He was delivering the BL Club lecture sponsored by Tata Photon at the Institute of Aeronautical Engineering, Dundigal recently.
Talking on ‘How to create a compelling career', he urged students to use industry information to plan the next career steps. Contrast your competencies to check if they match the criteria for the opportunities. Identify and bridge the gaps by backing your aspirations with competencies, he said.
Mr Sri Harsha pointed out that the areas identified were from the services sector and not manufacturing sector, even though manufacturing sector is posting good growth rates. The reason for picking only services sector was because two-third of our economic growth comes from this sector. And also I want to you to collect information of other sectors, to build a perspective for your career planning.
Mr Sri Harsha pointed out that with the Indian economy growing at a healthy rate the country will offer students enormous opportunities, as well as pose challenges that would be unique.
“Your previous generations may not have ever encountered or imagined such challenges,” he said.
The healthcare industry for example grew at 9.3 per cent during the 2000-09 period. Its current size is $23 billion and is projected to grow to $50-$67 billion by 2012. There is huge shortage of skilled manpower. The private equity investments are also on the rise in the private healthcare sector. Major private players such as Fortis, Apollo, Max, Columbia Asia, Global, Care, Manipal are already expanding, while the new players in this industry would be Reliance Health, Hindujas, Sahara and Emami, he said.
The second example I would give is pertaining to you. The education and training market is estimated to be worth $40 billion. Your colleges would testify that.
You are also seeing the rise in college campus. Also there is a rising demand for vocational training, due to increasing skill gaps in services sector, which being a sector that contributes to the 2/3rds of the growth. This sector also offers huge potential for job creation.