Question

The economic transformation of India is one of the great business stories of our time. As stifling government regulations have been lifted,
entrepreneurship has fourished, and the country has become a high-powered center for information technology and pharmaceuticals
Indian companies like Infosys and Wipro are powerful global players, while Western firms like G.E. and I.B.M. now have major research
facilities in India employing thousands India's seemingly endless flow of youngmotivated engineers, scientists, and managers offering
developed world skills at developing world wages is held to be putting American Jobs at risk, and the country is frequently heralded as "the
next economic superpower."
But India has run into a surprising hitch on its way to superpower status: its inexhaustible supply of workers is becoming exhausted
Although India has one of the youngest workforces on the planet, the head of Infosys said recently that there was an acute shortage of
skilled manpower, and a study by Hewitt Associates projects that this year salaries for skilled workers will rise fourteen and a half per cent a
sure sign that demand for skilled labor is outstripping supply
How is this possible in a country that every year produces two and a half million college graduates and four hundred thousand engineers?
Start with the fact that just ten per cent of Indians get any kind of post secondary education, compared with some fifty per cent who do in the
US Moreover, or that ten per cent the vast majority go to one of India's seventeen thousand colleges, many of which are closer to
community colleges than to four year institutions, India does have more than three hundred universities, but a recent survey by the London
Thones Higher Education Supplement put only two of them among the top hundred in the world. Many Indian graduates therefore enter the
workforce with a low level of skills. A current study led by Vivek Wadhwa, of Duke University, has found that if you define engineer" by US
standards, hdia produces just a hundred and seventy thousand engineers a year, not four hundred thousand Infosys says that of 1.3 million
applicants for jobs last year, it found only two per cent acceptable​

Answer 1

Answer:

why are salaried of skilled employes rising

Answer 2

1-a, 2-b, 3-d, 4-c, 5-c, 6-b, 7-b, 8-d

Explanation:

Based on the passage, the answers are as follows:

1. a. Wages in the Developing countries are less as compared to wages in the developed countries

2. b. Jobs held (or to be held) by the American people

3. d. Maximum universities and colleges do not match global standards

4. c. Impeding.

5. c. India’s Skill Shortage

6. b. Like community colleges

7. b. The economic progress is impressive disallowing the government to take tough decisions.

8. d. There are not enough skilled workers, while the demand for them is high.