India

A new report from Bloomberg suggests that India could become Asia’s largest source of workers by 2050, replacing China for the top spot. This comes even as analysts say that the Asia-Pacific region will only account for 50% of the global workforce by this time, down from its current share of 62%. Bloomberg’s analysis says that in 2050, India will account for nearly 19% of the world’s total workforce, followed by China at 13% and Nigeria at nearly 4%. (Bloomberg)
 
India’s Textiles Secretary says that rural India could help create 45-50% of the needed workforce for the industry over the coming years, helping to drive forward national manufacturing initiatives like the Make In India campaign. Speaking at the recent Indian Cotton Conference in Gurgaon, the secretary also noted that the country needs to also focus on technology and efficiency upgrades if it hopes to stay competitive with this new workforce. (Fibre2Fashion)