Skill Development (Objectives)
Skills and knowledge are the driving forces of economic growth and social development of any country. They have become even more important given the increasing pace of globalization and technological changes provide both challenges that are taking place in the world. Countries with higher and better levels of skills adjust more effectively to the challenges and opportunities of globalization.
The quantitative dimension of the Skill Development challenge can be estimated by the following:
- 80% of new entrants to workforce have no opportunity for skill training. Against 12.8 million per annum new entrants to the workforce the existing training capacity is 3.1 million per annum.
- about 2% of existing workforce has skill training against 96% in Korea, 75% in Germany
- To propose a structured and pragmatic solution to address the lack of relevant skills amongst the current and potential workforce of India.
- To deliver a structured, sustainable and scalable framework to impart skills to the unemployed, underemployed, uncertified and un-benchmarked workers.
- To dovetail into a larger national framework of human resource development to meet the dynamic needs of industry and the economy.