Challenging The Skilling Challenge in India

India is a young country with a median age of 28, suggesting that India will continue to enjoy its demographic advantage through the end of this century. This means that the country has a large number of young people entering the labor market. Besides having a competitive labor force, India will also have an edge over other nations in terms of consumer power for the foreseeable future.

Addressing The Skill Development Challenge:

Improving job prospects: By acquiring the right skills, young people can improve their chances of finding a good job. This is because employers are increasingly looking for highly qualified employees who do not require extensive training for their job. As many universities are aware that students will need to demonstrate professional skills throughout their academic years, these skills will be an important program of public and private institutions.

Increase wages: Skilled workers tend to earn more than unskilled workers. In fact, they are more productive and can handle more complex tasks. More income leads directly to more purchasing power and a better quality of life. Going beyond basic needs is both the need of the hour and the only natural progression in building true wealth.

Creation of new jobs: Professionals can contribute to the creation of new jobs by starting their own business or working in innovative industries. The business climate in the country is improving and many qualified people are trying to enter the business world and create jobs for others.
Improving the Economy: A skilled workforce is essential to a strong economy. In fact, a skilled workforce can help increase productivity, innovation and economic growth. Innovation is the engine of global competition. As the workforce expands to include many skilled workers, India has better prospects as a growing economy.

What are you doing?

The Indian government has implemented several initiatives to promote job creation and skills development. Programs like Skill India are designed to improve people’s skills and prepare them for work. The government has also encouraged foreign investment and business facilitation, attracting international companies and creating employment opportunities. In order to counteract the skills shortage and improve employment prospects, the Indian government has launched several initiatives and programs:

Skill India Mission
National Skill Development Corporation (NSDC)

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