100 million people from India are projected to join the global

workforce by 2020. With half its population under 25 and a

national workforce that is expected to account for 25% of the
global workforce in 2020, India has a great chance of becoming
one of the worlds most prolific talent providers.
But the question for India is whether it can become an attractive
destination for talent. In order for India to achieve and sustain
this, a 9% growth rate in the next decade it must for which India
will have to massively invest in human capital development.
Indias expected demographic dividend could rapidly turn out to
be demographic nightmare unless the country promptly
addresses the many structural and systemic problems in skill
management and training system. In India, today out of the
roughly 509 million workers currently employed, only 12% are
skilled and even the so-called skilled workers lack the soft skills
like communication skills that would make them attractive to
future employers.

Innovation involves two stagesthe generation of new ideas and

the implementation of the ideas. Creativity is considered to be the
first stage of innovation.

Key elements which contribute to innovation are:

A compelling vision. Teams are more innovative when
members have a common understanding of team objectives
and are also committed to them. Clear and valued objectives
do create meaning and motivation for team members.
Goal Interdependence. Goal interdependence is the extent to
which team members can meet their goals only by having

the other team members achieve their goals. Goal

interdependence leads team members to act toward each
other in a way that creates mutual benefit. You create goal
interdependence by setting objectives that must be achieved
collectively and by addressing issues, including feedback, as
a team.
Support for Innovation. Teams are more innovative when
managers expect and approve of innovation, support
members when their attempts to innovate are not
successful, and recognize and reward new ideas and their
implementation. This means encouraging risk and expecting
failures.
A task orientation. This is a shared concern for excellence
that stems from the compelling vision. Teams with a task
orientation set high performance standards, monitor their
performance and provide each other feedback.
A cohesive team. Cohesion represents commitment to the
team and a desire to be part of the team. Researchers see
cohesion as creating a psychologically safe environment that
enables members to challenge each other and the status
quo.
Strong internal and external communication. Strong internal
communication between team members allows for sharing
knowledge and ideas, and creates a safe environment for
providing
feedback.
External
communication
(communication with those outside the team) fosters
innovation by learning from others and bringing new
information into the team.