Skill Development

Our country has witnessed rapid economic growth in recent years, driven by the development of new-age industries. The rise in purchasing power has resulted in the demand for a new level of service quality.

According to the India Skills Report 2015, it was established that India lacks in the development of skills. Of all the students applying for roles in the labour market, a mere 1/3rd of the number had the appropriate skills to match the requirement of the employers. Though we have sufficient manpower, but they are not skilled enough to get a job. A skill gap is a considerable gap between the skills required by the workforce and their current attributes and capabilities. In India, there exists an enormous skill gap between the demand from industries based on rapid economic growth and the kind of skill sets the young people acquire through various education and trainings.

This gap between the demand and supply not only affects economic growth, but it also prevents the inclusive growth of the economy as a whole. Hence, it becomes the responsibility of the corporates and community-based organizations to be aware of such skill gaps and take newer initiatives for bridging those gaps in order to ensure inclusive growth.