India to have high-skill talent surplus by 2030, says report

The report revealed that largest economies, including the US, China and Germany are likely to face the rapidly escalating employee costs

India would be the only economy that will not face an upward revision of wages by 2030, as it has a talent surplus, bucking the global trend of a talent crunch, a report noted.
 
“Unlike any other country in the study India will have a highly skilled talent surplus by 2030,” the report said.
 
Globally, a shortage of highly skilled employees could dramatically drive up salaries for the most in-demand workers by 2030, according to a study.
 
This is likely to add more than $2.5 trillion in annual labour costs by 2030, for organisations around the world,