India’s Skill Mission: Its impact in the growth of the Economy

Abstract

Skills and knowledge are key drivers of macro economic growth and socioeconomic stability. Appropriate policies for the skill development occupy a dominant place in the development of economy. The demographic transition of India makes it imperative to ensure employment opportunities for more than 12 million youths entering working age annually. It is estimated that during the seven-year period of 2005-2012, only 2.7 million net additional jobs were created in the country. To enable employment ready workforce in the future, the youth need to be equipped with necessary skills and education. The country presently faces a dual challenge of severe paucity of highly-trained, quality labour, as well as non-employability of large sections of the educated workforce that possess little or no job skills. In this context, present paper studies and analyse the following aspects:

1. To study the role of skill development in India
2. To analyse the current government policy on skill development programme
3. To evaluate the success and failure of skill development programme during 2015-18