Industry News Skills Development

Skilling for the Future

Prime Minister Modi shares the dreams and aspirations of a billion plus people of the country “to make India a global economic leader”. To make this dream a reality, Make in India, Digital India, Smart Cities, Startup India and Swachh Bharat programmes, among others, have been launched by the government. The recent analysis of the Sixth Economic Census 2005-2013 highlights that manufacturing has employed over 30 million people, compared with 27 million by retail in this period and has the potential to contribute 25 per cent to the GDP and create 100 million jobs by 2022. Other occupations like transport, warehousing, hotels and eateries, healthcare and education have emerged as other large employers.

Also read: A huge corporate education technology market is in the making

Skilling for the Future
However, significantly large number of employers have cited lack of trained manpower as one of the major concerns for their growth aspirations. In sectors like telecom, capital goods or defence equipment manufacturing, training infrastructure is negligible. India’s annual vocational and skills training capacity is only 4.4 million for a 500 million workforce as against 90 million in China and11 million in USA. Skill India Mission aims to bridge this gap of demand and supply.

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