The growth agenda of our country is critically aligned with the skill-levels of manpower available to industry and employers. NSDC figures show us that there is a skill gap of over 240 million across major sectors from 2008-2022. Official and other statistics show that India has a demographic dividend advantage over many other countries because 75 per cent of its population falls in the working age group of 15 to 59 years. As per estimates, by 2050, India’s working population would be in excess of 1 billion. This will result in the number of people in the age group 20-60 being substantially higher. The high school dropout rates of India’s education system has as many as 56.8 per cent students leaving school before reaching the qualifying Class X exam. In order to enable this section of society to become employable, there is an urgent need for skill development across the entire country.
At the planning level, realization has now dawning that skill based education is not a choice but a need in India. The dichotomy of our economy is that, while the demand for skilled professionals very high, the desire to get skilled is low. Pure academic subjects are always more popular with learners, parents and society as socially acceptable qualifications. Most youth in the country still incorrectly believe that skill based education leads to low paid jobs and it is perceived to be meant for only academically weak students, school dropouts and for people in the lower strata. Another aspect of this challenging issue is to create the right kinds of jobs for which people are being skilled. Overcoming these challenges requires the concerted efforts of government agencies and companies operating in the skilling domain working in close collaboration with the other stakeholders in the economy.
Millions of graduates pass out of our universities annually, a rich vein of talent and resource for the industry to tap into. Yet, every year, the gap between offered ability and employability widens and the industry struggles to map the right set of skill sets to the jobs on hand. The result? Relentless training in the required skills to make candidates job viable and a resultant loss of productivity and competitiveness at the industry and the national level.
Only 25 per cent of graduates today are considered “employable” by employers. The biggest challenge comes due to lack of employability skills. As a result the individual’s ability in the work environment in terms of communication, presentation, interpersonal skills, team working, does not meet desired levels. Inculcating employability skills requires a huge task for our education system to bring in the transition in the role from “student” to worker and prepare the candidates for the new working world.