Overview of the Skilled Work Force in India India, with an average age of 29 years, arguably has the youngest workforce when compared with advanced and other developing economies of the world. According to the Indian Labour Market Update of ILO, July 2016, India has the largest youth population of about 350 million aged between15-29. Coupled with a start up boom since 2015, and a huge range of sectors in the economy, it needs to reap benefits of its demographic dividend by investing in education and skill development of the younger population. This would enable India to achieve and maintain a high rate of economic growth.
Most young minority members in India are underprivileged and face multiple challenges... the biggest being the Right to decent living…. they are denied jobs, face discrimination and have no resources and training to run a business enterprise. The establishment of Vocational and Technical skills centers, run on secular and non-discriminatory lines, with Entrepreneurship training and resources in-built in all courses, will help the marginalized unemployed address their acute problem of unemployment. It will develop a workforce that is ready to meet the human capital needs of various industries. The skills training centers will address the problem of acute unemployment** in a number of ways:
Vocational Education and Training (VET) is an important element of the nation’s education initiative. In order for Vocational Education to play its part effectively in the changing national context and for India to enjoy the fruits of the demographic dividend, there is an urgent need to redefine the critical elements of imparting vocational education and training to make them flexible, contemporary, relevant, inclusive and creative. The Government is well aware of the important role of Vocational education and has already taken a number of important initiatives in this area.