Technology can move, but people cannot. This is where Asia should tap its biggest asset "" population to score over the human resource-short western World. | |
| Addressing the HR Conference 'Emerging Asia- An HR agenda' Som Mittal, president and CEO, HP Global Soft India said that to do that Asian countries should step up innovations in the ways of trading in services. |
| |
| The issue gains in importance as the trade in services which is now only a minor part of the global economy has the potential to grow exponentially. |
| |
| He said the growth will follow as services is more than double that of trade in manufacturing. |
| |
| "While manufacturing contributes $10 trillion to the world economy, it contributes 62 per cent to the global trade. At the same time, services contribute $21 trillion to the global economy, but makes up only seven per cent of the global trade," said Mittal. |
| |
| One factor is that the aging population needs to be serviced and this is an opportunity for India, said Mittal, adding that by 2013 India can be a major player in providing services to the developed countries. |
| |
| Citing an example, he said today only 30 per cent of the consultations with doctors in the US is face-to-face. It is in such a situation that countries like India can gain from. |
| |
| K V Kamath, CEO, ICICI Bank who inaugurated the conference was presented the Trailblazer's Award (CEO category) for 2004. |
| |
|
| |
