Impact of Changing Global Dynamics:Prospect and Human Resource Development in India

Global competition is rapidly becoming the norm in which nearly all business organizations must compete in one fashion or another. The complexity and value of strategic global human resource management (SGHRM) will continue to compound in significance as globalization becomes the predominant form of business. Both practitioners and researchers grapple with understanding the global phenomena and the resulting impact on the entire human resource management system.

The economic centre of gravity is shifting from the developed markets to the developing markets. This is a huge opportunity for the Asian economies and India in particular. But underlying the growth in economic capital has to be an equally strong foundation of building the intellectual and human capital of the nation. This means investing in our people. We need to impart ski ll s, training and education at all levels to match the needs of a changing India.