Skill development is a very important and significant factor responsible for creating jobs in the Indian economy.
Indian demography is in an advantageous position as youth forms more than 60% of the total population. Nevertheless, to take utmost advantage of this readily available resource, this chunk of the population must be trained properly to make them employable.
If we have a look at the statistical data, currently only 10% of the freshly graduated students have the requisite skills which make them industry ready.
Talking about the rest of the 90% population, it is worth pondering, how to equip them with the requisite skills according to their ability so that companies hire them. The creation of jobs is not at par with the GDP growth rate of 6-8%.
Our nation is a relatively young one, as compared to its neighbouring countries. Around 28 million youngsters are inducted each year into the Indian workforce.
In the recent past, around the year 2018, the rate of unemployment reached 6.1% which was the highest in the last 45 years, and was later followed by an economic slowdown due to the pandemic. Covid-19 has created havoc for the economy.
Skill development and its advantages in India
- Better developed skills
- Hone a particular set of skills
- Maximize efficiency
- Improved performance
The Indian Government has launched various schemes to improve the job creation scenario but they are inadequate to develop ways to train people in enhancing their skills. Steps should be taken to lay emphasis on the development of skills and encourage individuals to use their talent and knowledge base.Â
In modern times, people have become more career-oriented, therefore they need to familiarize themselves with the requisite skills. This is an integral part to become employable in the industry.
To enhance skill development, training should be made mandatory so that there is an overall improvement in the expertise level of the population.
Proper training and support are needed for the development. If training is organized properly, there is constant communication and the requisite technical know-how is provided, individuals can reach an expert level in their skill sets.
At the University level, if proper skill development training is stressed, the results can be seen in terms of better and increased placements. Companies need people who can improvise productivity and work effectively. This can be achieved with better training skills and a career path will be much better.
Technology: an important aspect
The latest technology can help achieve better levels of skill training and create better employment opportunities. Skill training can take human behaviour as a basis for research and bring about a sea change that will lead to efficiency and shape the future.
Better Levels of Employability
With better honing of skills, by the Government and the universities, students got good placements with ease. People were more productive and the growth was better.
The Government is providing far greater opportunities based on the need and choices of individuals which will increase the rate of employability. Skill awareness is being created.
Individual Growth
Skill development works on the following:
- Improves proficiency level,
- Better time management,
- Enhanced soft skills
Honing Talent
Skills can be refined through training, which helps in identifying areas of improvement and assists them to discover their hidden talent.
Reduced Dropouts
A person can train in his or her area of interest so everybody will be able to learn according to their capability.
Better Career Growth
A good career is everybody’s dream. With proper skill training, each individual can become productive in their chosen area of expertise. This will make their career prospects even better.
For developing a good and effective skill development system, we need to minimize disruptions for steady growth and work on rebuilding an even more efficient system.
It is an uphill task but if carried out in a planned manner, then India will achieve or else come closer to the predicted GDP growth of $5 trillion by 2025 and go a step further in 2030 by attaining $8.4 trillion.
So let’s work on making ourselves ready for a bright future!
Read More : Education Archives – Asiana Times
