SKILL TRAINING CENTRE

The SKILL CHALLENGE IN INDIA

The demand for Education and Skills training in India is driven by three Macro Economic needs

Need to meet Twelfth Five Year Plan objectives of 9% y-o-y economic growth. The sectorial growth rates to achieve this 9% annual economic growth are as below:

 

    1. Industry to grow at 10% to 11%
    2. Services at 9% to 11% and
    3. Agriculture at 4%.

But the key bottleneck in this growth picture is the lack of skilled persons.

Need to address the demographic opportunity

 

India with 325 million people in the age group 15-29 years has the youngest workforce in the world. This is shown by the bulge in the figure below:

This demographic scenario comes at a time when globally there is to be a shortage of skilled personnel. This opportunity where India could supply skilled persons is referred to as demographic dividend. Alternatively this opportunity could become a demographic nightmare.

 

Need to bring inclusive growth

India’s poor have reduced in numbers, but 22% of population still below poverty line. This translates to 238 million populations of which 170 million reside in rural areas. India ranks poorly on UNDP indices – 134/182 in 2009.

82321

Trainees Skilled

21

States

559

Placement

20

Sectors