Making skill viable is the key

The huge demographic dividend India can reap from its large population, with 250mn to 400mn people joining the employment market between now and 2025 to fuel its growth. However, to become productive, they have to be trained to avoid large-scale unemployment, which underscores the huge challenge in reaping these benefits as India’s current capacity for vocational skilling is only about 4-5mn per annum against a requirement of 10times that a person looking for vocational skills is likely to be a 15-25 year old, lower to lower-middle class youth, with an educational background ranging from a school drop-out to a bachelor’s degree from a tier-3 institute. The youth is probably barely employable in his/her current state except in jobs that entail manual labour or very low levels of value addition.

Read more: http://www.financialexpress.com/news/column-making-skilling-viable-is-the-key/875387/0

Source: The Financial Express

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