India has the youngest population with 356 million in the age group of 10-24 which illustrates that in the next 30 years to come, most of the workable population of India will be young. India is poised to become the world’s youngest country by 2020, with an average age of 29 years and therefore account for around 28% of the worlds workforce.
And it is this demographic dividend which will make India a super power. This section of young Indians need to be nurtured and mentored to world class skilled professionals.
India’s present annual training capacity is 4.3 million whereas the industry requirement is 22 million and around 12 million people join the workforce every year resulting in a large deficit. This deficit between the demand and supply is being addressed in the Skill India Mission.
Our government has set an ambitious target of skilling 40.2 crore people by 2022, under the new National Policy for Skill Development with a vision of Scale and Speed with Standards. The government would need a huge Rs.6 lakh crores in the next five years for various training interventions.
A skilling ecosystem is being developed in the country for this purpose - Setting up of a separate ministry for skill development & entrepreneurship; setting up of 33 Sector Skill Councils (SSCs) for every industry ; constituting State Skill development missions in every state ; formulation of NOS(National occupational standards ) for each and every job role ; strengthening the catalyzing role of NSDC (National Skill development Corporation) et al.
Skill India Mission will be a successful only if the Central government, respective State governments, Corporate/Industries, Academia, Training partners, Assessment bodies and all the citizens come together and do their bit for the progress of the Nation.
As aptly quoted in Bhagavad Gita :
Karmanyevadhikaraste Ma Phaleshu Kadachana |
Ma Karmaphalaheturbhurma Te Sangostvakarmani || 2-47
Which in simple words means :
You have the right to work only, but never to its fruits .
Let not the fruits of action be your motive, nor let your attachment be to inaction .
The augmented efforts of all stakeholders in the skill development ecosystem will surely make India a Super Power to reckon with.
Please share your views.
Panel member - CII TELANGANA (Education & Skill development Panel)