MESSAGE FROM THE CHAIRMAN
The new global economy is reshaping, reframing and revolutionizing the economic, social, industry, technical and political ecology on almost day to day basis. Presently, Indian is the fifth largest economy in the world with GDP of around $3 Trillion and targeted at $5 Trillion by the year 20225 to become the fourth largest economy, only behind US, China and Japan, we will be in the forefront of Knowledge economy compared to developed countries. Organisations need systematic, effective and efficient innovation, technology and training & development to stay in business, delight customers, establish competitive advantage, deliver quality products and services, cost effective, be more productive, meet business goals, attract and keep the best people.
Human resources transformation leads to the massive restructing of organisations in the future decades to technology disruption and new generation of people. In this disruptive technology and VUCA (Volatile, Uncertain, Complex and Ambiguous) world, organizations have realized the need for upskilling, reskilling, multiple skills and information on technology is essential for survival of an organization. Disruptive forces in digital technology redefine the various business models; the promotion and adoption of digital technologies are becoming increasingly crucial. This is demonstrated by recent COVID 19 pandemic which necessitated Work from Home(WFH), Digital transformation, Artificial Intelligence (AR), Internet of Things (IoT), Robotic Process Automation (RPA), Virtual meetings, conferences and Virtual Learning & Development (L&D) programmes all over the world.
India has skill development potential which brings the eLearning and development industry to the fore. This is obvious outcome of India being looked upon by the rest of the world as a place where knowledge grows. The key challenges in maintaining the growth momentum of the economy is to accelerate L&D in an increasingly competitive business environment. Reasons behind the high demand of L & D in the Indian economy are: India is seen as a knowledge driven economy; most Indian corporates face talent shortages. India stand at par with China in terms of the overall L&D spend among emerging nations. However, India’s overall T&D spend is lower than that of the developed countries, which creates immense opportunities for the Indian L&D industry. The programs initiated by Government of India such as Digital India, Make in India, Skill India, Start-up, Stand-up and futuristic National Education Policy (NEP) 2020, offer tremendous avenues for the learning and development professionals to contribute to the cause of the nation by providing immense employment opportunities to a large section of the young population.
We welcome all those who are keen to pursue the PG Diploma Programme in Training and Development offered by the ISTD. I am sure, that the Online, Digital and Virtual Education Programme devised to attract professionals to help develop, nurture themselves into well rounded training professionals will go a long way in achieving this objective.
Dr. A. V. Sivarama Prasad
Chairman, ISTD Diploma Board