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For the past decade, the media has been flooded with news about the speed-of-light evolution of the economies of China and India, and for good reason. Both India and China are experiencing more than an annual 8% growth rate in GDP, according to the World Bank.
China's efficient manufacturing and trading centre and India's notoriety as an information technology hub make the two economies more than attractive to all major multinational corporations. And China is said to have exported more than US $280 billion worth of goods and services to the United States alone in 2006.

"India has seen an explosion of its middle classes over the last few years with an emerging generation of highly educated young workers earning higher incomes than ever before," says Arun Mehra, Head of Investment Strategy at Fidelity India. "This has driven massive growth in domestic consumption and if you combine this with the boom in the pharmaceutical industry and government spending on infrastructure, India reveals itself as one of the most attractive growth stories in the investment world right now."

Dominic Wilson, Senior Global Economist and Vice President of Goldman Sachs, says on India's economic future, "India has the potential to deliver the fastest growth over the next 50 years with an average rate of more than 5 per cent a year for the entire period."

But are China and India equipped with the skills to keep up with the demand and growth? Probably not. While India's focus on improving education, and highly educated young workers are contributing to stronger management, both in India-based business and multinationals, business is growing faster than skilled labor can accommodate. Corporate universities are even multiplying in order to teach new workers new skills and older middle managers the leadership skills they need to grow a business. China's Motorola University, probably the most famous of the corporate universities, has been going strong since 1993, helping the tele-communications company gain a competitive edge.

We are at a point where the Executive MBA (EMBA) may soon become an essential part of the experienced Chinese or Indian manager's career progression. India boasts a good selection of EMBA outlets, according to the QS personalized search tool www.TopMBA.com/Scorecard. The Faculty of Management Studies at Delhi University, Indian Institute of Foreign Trade, and Indian Institute of Management, Ahmedabad, all rank within the top five in India for executive education.

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Source: -
Marie Field
Website: www.topmba.com