Entrepreneurial Opportunities in Indian Talent Pool Management—A Case of MeritTrac

Abstract

The growth of knowledge economy and its increasing contribution to the global economy has brought into focus the importance of highly educated and quality manpower. As the knowledge economy expands, the issue of qualified, skilled and highly educated manpower is going to assume strategic importance for countries as well as for companies. The effect of changing demographic profile and the increasing trend of outsourcing in the services sector has brought into focus the talent pool of many developing and emerging economies of the world. In this context, the Indian talent pool assumes significance for a number of reasons; one is the sheer number of students graduating every year, which makes it the largest talent pool in the world. The other factor is the growth story of the Indian economy that, to a large extent, is dependent on the growth of the services sector, especially the skill-intensive services. This case examines in detail the talent pool of India and its higher education infrastructure in the light of the emerging scenario. It looks into the depth and quality of the talent pool to identify the gap areas to see whether certain niche entrepreneurial opportunities exist that can help in overcoming these gap areas. MeritTrac is an example of one such enterprise, which highlights the existence and relevance of these entrepreneurial initiatives.