A study on skill development in India: Initiatives and challenges
The large population, majority of which are either unemployed or underemployed in the unorganized sector, need to be given adequate skill training which will not only aid the industries but will also encourage entrepreneurial ventures that will in turn generate future employment opportunities and fuel economic growth. India has gradually evolved as a fast-developing modern economy due to the abundance of qualified, capable, motivated and flexible human capital. However, there is a need to further develop and empower the human capital to ensure that country is standing tough and tall in global competiveness. This paper is an attempt to understand the existing skill development landscape in India by having a bird’s eye view of the importance of skill development for the economy. It is in line with the skills acquired in formal education to prepare youth and adults for the world of work ranging from informal learning on the job, apprenticeship and enterprise-based training, to learning off the job in government and non-governmental training institutions. The paper discusses recent initiatives to facilitate young people’s transition to the world of work and also the challenges which are faced to impart training to the workforce to meet the job requirements of the industry.