Skills Deficit : Challenges & Opportunities
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The document discusses the critical need for addressing the skills deficit in India, highlighting that 57% of youth face some unemployability, despite a growing economy and education spending increasing fivefold. It emphasizes that fixing the skills gap will take 7 to 10 years and requires significant investment, yet presents enormous opportunities for a skilled workforce to thrive. The author calls on Indian professionals to prepare for the emerging global demand for skilled labor.
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The document discusses increasing the employability of Indian youth. It notes that 57% of Indian youth lack sufficient skills, 80% of the workforce lacks marketable skills, and 47% of graduates are unemployable.
There is a lack of coordination between skill development organizations and ministries. Training programs are not well aligned with industry needs. Only a small portion of courses at vocational training institutes are open to those without 10th grade education.
The document proposes establishing new skill development institutes in collaboration with local industries. It suggests revamping vocational training curriculums to match industry needs and making English and communication training mandatory for college students. The new institutes would be regulated at the district levelThe challenge is
The challenge isshobhana tiwari
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The document discusses the challenge of skills development in India. It notes that only 10% of India's workforce is vocationally trained, with most having low levels of education. Skills development is critical for India's socio-economic development and global competitiveness. However, India faces many challenges in developing its vocational education and training system, including disparities between states and low literacy rates that hinder workforce skills. The paper evaluates government efforts at skills development and argues for industry-academia partnerships and reforms to the vocational education system to help India overcome its skills challenges.Anweshan
AnweshanCitizens for Accountable Governance
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1. There is a large gap between the number of graduates coming out of Indian universities and the number that are employable, with estimates that only 25% of engineering and 10% of general graduates have the necessary skills.
2. This skills gap is caused by academics that focus only on theoretical knowledge and a lack of interaction between industry, government, and academia to develop curricula tailored to industry needs.
3. Improving employability will require bringing employers into the course design process, modifying courses to match industry needs, and building links between educational institutions and local employers through activities like guest lectures, internships, and research collaborations.Assignment 2 - Learnings during the course.
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This document discusses human capital development in India through skills training programs. It provides context on India's large youth population and low education and skills levels. It then outlines several government initiatives and programs aimed at boosting skills training, including the creation of a Ministry of Skill Development, the Skill India Mission, and public-private programs that provide short-term training courses. The document also summarizes key lessons from an online course on changing work environments and the need to measure cognitive abilities and link skills training to early childhood development to improve employment outcomes.Vocational Education Training (VET): A Boost for Skill Development in India
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This document discusses vocational education from an industry perspective in India. It notes that by 2015, Indian industry will need 83 million skilled workers, while there is also huge unemployment among India's youth. There is a need to bridge the gap between this demand and supply by expanding vocational education opportunities. Stakeholders that need to be engaged include industry, policymakers, vocational training providers, certification bodies, and students. Working together, these stakeholders can help establish a framework for vocational education that develops job-relevant skills, leads to industry-recognized certifications, and helps address India's skills shortage.Empowering MSMEs - Skills Development of the MSME Sector - Part - 7
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The document discusses India's unemployment problem and lack of job-ready skills among graduates. It notes that unemployment has risen from 8.8% to 9.9% from 2002 to 2012. Only 25% of graduates are considered work-ready for technology jobs and 75-85% of technical and general graduates respectively are unemployable. This is due to lack of proper training and specialized skills development. The document proposes a model for industry-based training of students throughout their college education to bridge this skills gap. It details how the government can collaborate with industries and institutions to provide different types of training to over 6 million students and professionals annually at low cost.Prototype an testing
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Government should impose a tax on all public and private enterprises equal to 5% of their workforce to fund internship allowances for young unemployed graduates. Enterprises would receive a tax refund if they provide internships to that number of graduates. The government would also send an equal number of graduates to companies and pay their stipends. This would engage the private sector in training graduates. It could produce skilled workers and increase national income, but incentives would need to be more rationalized to ensure companies benefit from internees' contributions.Leading In Turbulent Times Role Of Management Education At Isb, Hyd
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1. India faces major challenges in providing quality education and skills training to its large population to support the growing knowledge economy.
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The document discusses the need to improve skill development in India to support the Make in India initiative. It notes that management and commerce education needs a balance of theory and practical experience. Several sectors have been targeted by Make in India but objectives will not be achieved unless skill development is improved. Challenges include brain drain due to lack of opportunities and outdated education in India. Suggestions are made to restructure education to include more practical skills training and internships, as well as support rural skill development through stipends, internet access, and NGO programs. Improving youth skill development is key to fully realizing the goals of Make in India.Skill development programme
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India faces significant skills challenges due to its large and young population. It has a workforce of 459 million but only 2% of youth receive formal vocational training, resulting in 260 million unemployed or underemployed Indians aged 18-50. To address this "skill gap", the government launched the Skill India initiative to provide skills training to 500 million people by 2020 through public-private partnerships, focusing on both traditional and emerging sectors. The goal is to boost employment and entrepreneurship among Indian youth.Education,Employment and skill development
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- It outlines the government's strategies to address this including strengthening sector skills councils to align training with industry needs, developing a national qualifications framework, and expanding flagship skills programs.
- The Prime Minister's Kaushal Vikas Yojana is aimed at training 10 million youth by 2020 using both central and state implemented models with a focus on certification, apprenticeships, and job placements.What are the employability problems in India and globally? How can we solve i...
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- A skill gap analysis of Ranchi found high demand for training in food processing, banking, automotive, IT/ITES, iron and steel, and healthcare. Youth also highly aspire to these sectors.
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This document proposes a solution to boost the employability skills of Indian youth. It suggests implementing foundation courses in schools to help students explore career options. It also recommends expanding vocational training programs for 15-18 year olds and making internships a compulsory part of education. Developing soft skills and entrepreneurship training are also emphasized. The plan aims to create better alignment between education and market needs through industry linkages. It could generate jobs, utilize talent effectively and boost the economy if implemented on a large scale through government funding and private sector partnerships. However, proper implementation and student acceptance remain challenges.Skill Development Mission
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The document provides information about Prime Minister Modi's Skill India initiative launched in July 2015. It discusses the need for skill development in India given the large youth population and shortage of skilled workers. It outlines the key organizations established under the Ministry of Skill Development and Entrepreneurship to implement skill development programs across the country at scale. This includes the National Skill Development Agency, National Skill Development Corporation, National Skill Development Fund, and 33 Sector Skill Councils.Ampus introduction
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The document discusses the evolution of management education towards specialized, functionally specific programs in response to a demand for critical 21st-century skills such as persuasion, collaboration, and adaptability. It highlights the shortcomings of traditional MBA programs and presents a new model focused on industry-specific training to prepare managers for contemporary roles, particularly in sectors like fintech and e-commerce. The 'ampus' initiative aims to produce 10,000 skilled managers annually in India through affordable, high-quality education centered in urban locations.TEJAS
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This document proposes a model called the Enhancing Youth Competency (EYC) model to increase the employability of youth in India. The EYC model involves administering a multidisciplinary aptitude test to identify students' interests, providing career counseling, incorporating mandatory career development and extracurricular skill-building programs into schools and colleges, offering vocational and certification courses, and establishing technical internships. The goal is to train youth with the skills demanded by employers such as communication, teamwork, and flexibility. Once implemented, the EYC model aims to create a skilled workforce and boost the skills of rural and unorganized sector workers through public-private partnerships.Policy for skill development and entrepreneurship 2015
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This document outlines India's National Policy for Skill Development and Entrepreneurship from 2015. It provides background on India's large young population and need to equip workers with skills to leverage the demographic dividend. The policy aims to meet the challenge of large-scale skilling with quality and sustainability. It establishes an institutional framework and identifies stakeholders responsible for skill development and entrepreneurship promotion, including government, corporations, training providers and organizations. The policy links skills to employment and productivity growth.BB Family FB Group _ Jul -15-2010
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1. India faces major challenges in providing quality education and skills training to its large population to support the growing knowledge economy.
2. Lifelong learning and ongoing skills development are becoming critical for individuals, employers and the economy.
3. National Skills Academies led by employers would help identify skills shortages, ensure training meets current and future needs, and deliver high-quality sector-specific education.Make In India -Need for stepping up quality development.
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The document discusses the need to improve skill development in India to support the Make in India initiative. It notes that management and commerce education needs a balance of theory and practical experience. Several sectors have been targeted by Make in India but objectives will not be achieved unless skill development is improved. Challenges include brain drain due to lack of opportunities and outdated education in India. Suggestions are made to restructure education to include more practical skills training and internships, as well as support rural skill development through stipends, internet access, and NGO programs. Improving youth skill development is key to fully realizing the goals of Make in India.Skill development programme
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The document outlines the critical need for skill development in India, emphasizing the impact of an unskilled workforce on economic growth and job security. It discusses the challenges posed by technological advancements, demographic trends, and the gap between education and industry demands, while advocating for a comprehensive approach to improve employability and align skills with market needs. Additionally, it highlights the global context of skill development initiatives, such as the United Nations' Sustainable Development Goals and various international efforts to address employment and education disparities.SKILL INDIA: MEETING THE CHALLENGES
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- The document discusses India's skills development challenges including a large youth population entering the workforce, high demand for skills from key industries, and limited training capacity.
- It outlines the government's strategies to address this including strengthening sector skills councils to align training with industry needs, developing a national qualifications framework, and expanding flagship skills programs.
- The Prime Minister's Kaushal Vikas Yojana is aimed at training 10 million youth by 2020 using both central and state implemented models with a focus on certification, apprenticeships, and job placements.What are the employability problems in India and globally? How can we solve i...
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This document discusses the need for skill development among construction workers in India. It notes that while the construction industry is growing at 16% annually, 79% of the estimated 310 lakh construction workers are unskilled. This leads to problems like substandard work and wastage. To address this, the document calls for increasing the number of skilled construction workers through programs at ITIs and new certificate courses in skills like masonry, carpentry, and operating heavy machinery. Public-private partnerships could help open more training centers using existing infrastructure. The goal is to skill 140 lakh additional construction workers by 2022 to meet industry needs and improve productivity.Presentation for Skill Development Scenario in Ranchi
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This document provides an overview and analysis of skill development in Jharkhand, India. Some key points:
- The Jharkhand Skill Development Mission Society (JSDMS) was created to oversee skill development initiatives in the state and bring convergence between state and national policies.
- A skill gap analysis of Ranchi found high demand for training in food processing, banking, automotive, IT/ITES, iron and steel, and healthcare. Youth also highly aspire to these sectors.
- The National Policy for Skill Development and Entrepreneurship 2015 aims to standardize skill training nationally and ensure outcomes of increased employability. All training must be aligned with the National Skills QualificationInvincibleMinions
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油
This document proposes a solution to boost the employability skills of Indian youth. It suggests implementing foundation courses in schools to help students explore career options. It also recommends expanding vocational training programs for 15-18 year olds and making internships a compulsory part of education. Developing soft skills and entrepreneurship training are also emphasized. The plan aims to create better alignment between education and market needs through industry linkages. It could generate jobs, utilize talent effectively and boost the economy if implemented on a large scale through government funding and private sector partnerships. However, proper implementation and student acceptance remain challenges.Skill Development Mission
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Bridging The Poverty Gap through inclusive innovationGeorge Mathew
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India's innovation journey is tailored to its unique needs, focusing on wealth creation and economic growth, with significant advancements in science, technology, and education. Over the past decades, India has transformed its economy, reversing brain drain, and is projected to become one of the world's largest economies by 2050. Key initiatives in rural innovation and entrepreneurship aim to address disparities, enhance employment, and promote sustainable growth.Mukul Make in India
Mukul Make in IndiaMUKUL SINGH
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Skill development is a key part of India's "Make in India" initiative to boost manufacturing. The program aims to develop skills to meet industry needs and create job opportunities. However, India faces several challenges in skill development including a large skill gap, inadequate training capacity compared to demand, and a mismatch between education and industry needs. The government has launched reforms and initiatives through programs like NSDC and expanding ITIs, but much remains to be done to reform education, enhance training capacity, and develop industry-specific skills to fully capitalize on India's demographic dividend for manufacturing growth under "Make in India".panom
panomCitizens for Accountable Governance
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This document discusses increasing youth employability in India. It notes that while India has a large youth population, many graduates are unemployable due to lacking important skills like communication, analytical abilities, and domain knowledge. The unemployment rate is increasing and many factors contribute to unemployment, such as defects in the education system. Solutions proposed include improving education to focus on skills rather than just academics, encouraging entrepreneurship, reforming policies to support all sectors, and developing specialized training courses. With reforms to education, employment policies, and the economy, India can better utilize its youth population.pptx_20230430_180209_0000.pptx
pptx_20230430_180209_0000.pptxKANALKRA211100301026
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Unemployment refers to situations where capable and willing workers are unable to find employment. It is a major economic problem faced by developing countries like India. There are several types of unemployment including frictional, structural, cyclical, and search unemployment. Common causes of unemployment in India include rapid population growth, changing technology, demand for skilled labor, global competition, and illiteracy. Proposed solutions to unemployment in India focus on promoting entrepreneurship, improving education and skills, strengthening the rural economy, promoting digitalization, reducing informal employment, and improving access to credit.Building an Inclusive Economy & The Future of Jobs - Smart Cities Summit 2018...
Building an Inclusive Economy & The Future of Jobs - Smart Cities Summit 2018...Smart Algiers
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Algeria has made significant gains in human development indicators over the past two decades, reducing poverty by 20% and rising in the UN's Human Development Index rankings. However, challenges remain, including an unemployment rate of 11% and poverty among 30% of the population. The document discusses strategies Algeria could adopt to transition its economy and build a more inclusive society, such as diversifying away from oil dependence, strengthening small and medium enterprises, reforming governance, improving education and health systems, and ensuring jobs are created to support widespread spending power.unleashing the potential a deep dive into the Indian economy-poshditt
unleashing the potential a deep dive into the Indian economy-poshdittPoshditt
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India's economy is experiencing rapid growth driven by a young population, technological advancements, and significant policy reforms. Challenges such as income inequality and infrastructure gaps need to be addressed to sustain this growth, while opportunities in sectors like renewable energy and digital services remain promising. By leveraging its strengths, India can achieve long-term sustainable economic development.IndianFighters
IndianFightersCitizens for Accountable Governance
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This document proposes a solution to boost the employability of Indian youth by encouraging business startups. It notes high unemployment rates in India due to a lack of skills taught in education. The proposed solution is for students to start their own businesses in small groups after graduation rather than searching for jobs. This would utilize their skills, reduce brain drain, and increase employment. Challenges include a lack of funding, training, and support systems for youth entrepreneurs. The document discusses implementing support for student business startups through collaboration with industry and government resources and policies.LU5eng
LU5engCitizens for Accountable Governance
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The document proposes setting up a government organization to increase youth employability in India. The organization would connect job seekers to multinational companies (MNCs) registered with the organization by collecting resumes and forwarding them based on qualifications. It aims to reduce unemployment by 1.5% over 2 years by streamlining the process between job seekers and companies. Challenges include limited internet access for some and addressing location and equal opportunity concerns.International Business Outlook - Perspective on Emerging Markets
International Business Outlook - Perspective on Emerging MarketsCecil Sunder BE, MBA, PMP, ASQ SSBB
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The document discusses target growth sectors for multinational companies (MNCs) in emerging markets like India, the socioeconomic impact of MNCs, and effects of the global recession. It identifies sectors like biotech, infrastructure, automobiles, insurance, and IT that are poised for growth. It also discusses job creation but the potential for inequality from outsourcing. The recession triggered layoffs and bankruptcies globally and in India. However, India was less impacted due to strong local demand and its large foreign currency reserves, and is projected to see 6-8% GDP growth. The landscape has changed with a focus on metrics, innovation, and partnerships.High performance economics for indians and pakistanis.
High performance economics for indians and pakistanis.Ramesh BN
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The document discusses the economic disparity between South Asians and Americans, emphasizing that while Americans create wealth through innovation and effective economic practices, Indians and Pakistanis struggle with low productivity and inefficient economic models. It presents a theoretical economic model involving small groups to illustrate how collaborative efforts can lead to wealth creation and asset building. The author proposes that by providing valuable products and services and fostering constructive engagement, South Asians can increase their personal and national wealth.9 steps to 9% GDP growth rate in 9 minutes for India!
9 steps to 9% GDP growth rate in 9 minutes for India!sanjeeev bahadur, m.tech,mba
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The document outlines a detailed plan to achieve a 9% GDP growth rate in India within 9 months, emphasizing the importance of a positive agenda, improved decision-making, and enhanced investment climate. It suggests strategies for various sectors, including increasing profitability in public sector undertakings, boosting bank lending, and fostering job creation, particularly in the northeastern states. Additionally, it highlights the need for reforms in education, applied research, and public grievance mechanisms to improve efficiency and address issues like black money and unemployment.[Challenge:Future] Revalorisation of technical education and woking continuou...
[Challenge:Future] Revalorisation of technical education and woking continuou...Challenge:Future
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The document discusses unemployment rates in France, particularly among young people. It notes that the unemployment rate in France in Q3 2012 was 10.3% overall and 24.2% for those aged 15-24. Several problems contributing to unemployment are outlined, including globalization, the financial crisis, and mismatches between education and job market needs. Solutions proposed include increasing access to vocational education, requiring university students to do internships, analyzing labor needs, and providing job search coaching. Investing in new technologies, startups, and innovations is also suggested to create jobs and decrease production costs.Skills to employment
Skills to employmentAjay Mohan Goel
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The Wadhwani Foundation aims to accelerate economic development in emerging economies by creating jobs and opportunities through skills development, entrepreneurship, policy impact, and promoting the disabled and research. Its goals are to skill and place 5 million people in jobs, create half a million entrepreneurial jobs, facilitate high-impact policies, place 100,000 disabled people in corporate jobs, and enable world-class research. However, there is a large skills gap in countries like India where most youth do not learn trades and there is a mismatch between aspirations and market needs. The Foundation seeks to address this through innovative, scalable models that leverage technology and strengthen collaboration between educators, employers and youth.Factors determining economic growth - human resources.pptx
Factors determining economic growth - human resources.pptxTintoTom3
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Human resources, encompassing the workforce of a country, are vital for economic development and growth by influencing productivity, innovation, and technological advancement. Factors such as education, demographics, health, entrepreneurship, and labor market regulations shape the effectiveness of a nation's human resources. Governments play a crucial role in enhancing human resources through policies and infrastructure investments to support overall economic prosperity.E1 Intecon
E1 Inteconsenarathbandara
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The document outlines the learning objectives and course outline for a business economics course. It includes topics such as microeconomics, macroeconomics, financial instruments, and new institutional economics. The course aims to create an awareness of the economic, social, and political situation in Sri Lanka and help students understand economic thinking and literature to make business decisions.International Business Outlook - Perspective on Emerging Markets
International Business Outlook - Perspective on Emerging MarketsCecil Sunder BE, MBA, PMP, ASQ SSBB
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Skills Deficit : Challenges & Opportunities
- 2. Production Hub Consumer Hub Kalpesh Banker
- 3. 20 years of economic reforms Growth is necessary, not sufficient Access to Opportunity for Poverty Reduction Education Employability Employment Pillars of Growth Kalpesh Banker
- 4. Higher Education School Education Vocational Training Education spending increased by 5 fold in last 5 years Trillion dollar economy 58 million new opportunities by 2012 Kalpesh Banker
- 5. Supply Demand Skills Deficit ? 58 million new opportunities Employability skills Kalpesh Banker
- 6. 57% of youth suffer from some degree of unemployability 90-90 problem 23% MBAs are employable 58% of grads earn <75000/year Kalpesh Banker
- 7. Skills deficit sabotages equality of opportunities and amplifies inequality Skills deficit would put break on the growth if not addressed properly If we will not fix this problem, our population will become curse from dividend ~ Rs. 5 lakh crore is required to fix skills deficit problem Even if we take the steps today, it will take 7 to 10 years to generate results on ground Kalpesh Banker
- 8. Enormous opportunities & premium for skilled workforce Reverse brain gain International Universities & Vocational training schools are entering in India Demand for Indian professionals across the global Opportunity to be super power in knowledge based economy Kalpesh Banker
- 9. Talented young Indians, Brush up your CVs, Pack your bags, Tighten your shoe laces and get set go.. India Inc. is waiting for you. Kalpesh Banker