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It’s one of the most important investments India can make.
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Only about 25% of Indian graduates are considered employable by the organized sector. Further, 48% of Indian employers said they were having difficulty in filling jobs, in 2012. Despite employers expressing difficulty in finding employable candidates, in 2009-10 the unemployment rates in India were higher for those who were more educated (graduates had more difficulty finding jobs than secondary or primary level graduates). So Indian education, in its current form, hasn't proved to be enough training for the incoming workforce.
This isn't just a catchy headline meant to shock you, though that would be a justified reaction. If you are 25 years old, have graduated from a reputed institute in a traditional higher education discipline and are looking for a job, you may not be handed one on a platter any time soon. You may be cushioned within the famous Indian demographic that is supposed to yield a "dividend", but unlike what you've been reading everywhere, this does not guarantee you employment.
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Skill development is one of the essential ingredients for India's future economic growth. Knowing this, the government is striving to initiate and achieve skill development of the working population via vocational education, skill training and other upcoming learning methods. Yet, as we have seen through years of umpteen policies, large-scale skill training is no easy feat. Here are 10 challenges that may prove a deterrent to achieving the goal of a skilled India.
Skilling millions of people in a country where 93% of the population is engaged informally might seem an arduous challenge, but I see it as an opportunity to reinvent India. Over the last five years, we have taken several steps to move closer to this goal.
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In order to strengthen the national skilling mission the government needs to focus on two specific areas: (a) increasing the role of states, since they have a deeper understanding of local needs and can therefore design and launch impactful programs and (b) ensuring gender inclusion that can capitalise on the entire Indian population.
In a classroom of construction firm Larsen & Toubro's (LART.NS) training centre outside Mumbai, an instructor lifts up a tool and shows it to his students: "Clawhandle," he tells them. "Clawhandle," c...