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Expressing strong desire for entrepreneurship, India is the most confident amongst nine countries surveyed by LinkedIn recently in achieving career advancement.
Some 74 per cent Indians believe their skills are very much in demand in today’s job market, according to the study, while 68 per cent Indians feel that their skills are easily transferable to other industries.
Much like the rest of APAC, the study found Indians consider career advancement as their main opportunity, with the high confidence (at 77 per cent) indicative of the high-potential jobs market in India.
The entrepreneurship spirit in India, fuelled by the government’s start-up schemes and campaigns, also came through among top opportunities expressed by people in the study.
In India, the third largest start-up economy in the world, starting one’s own business (at 13 per cent) is seen as one of the top three opportunities on the LinkedIn Opportunity Index. People in other developing economies, like Indonesia (at 34 per cent) and the Philippines (at 29 per cent), also expressed a strong desire for entrepreneurship.
The study showed India taking the second spot on the Index behind Indonesia, among markets that are more confident in gaining access to and pursuing opportunities.
However, more developed markets such as Japan, Hong Kong and Australia trailed on the Index, as people in these markets expressed concerns over economic outlook, and generally felt more cautious about their chances of achieving success with opportunities relevant to them.
Apart from studying India’s perception of opportunity, the study also looked at obstacles. Quality of education emerged as a chief concern for India (15 per cent), with people relying heavily on education to base a career decision (84 per cent), highest amongst all APAC countries, the study showed.
The research surveyed more than 11,000 respondents in nine markets in the Asia Pacific region — India, Australia, Chinese Mainland, Hong Kong, Indonesia, Japan, Malaysia, the Philippines, and Singapore.
Olivier Legrand, Managing Director, Asia Pacific, LinkedIn, said in a statement: “The growing workforce in the region (APAC) is a key asset that, if harnessed effectively, is going to continue to drive the economies. Over time, by tracking people’s perception of opportunity and the barriers they face, we hope we can continue to facilitate more of a balance between demand and supply in the opportunity marketplace.”
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