THE NEED OF THE HOUR
Two-third of India’s 1.2 billion population is under 35 years, making the country one of the youngest in the world, from a demographic perspective. The economic benefit of having such a large working age population is obvious. However, a significant percentage of this population is unskilled or under-skilled. Skill building is therefore a key focus area for national development. The outcome of India’s skilling mission would be to mould this vast human potential into productive employees and venturesome entrepreneurs. Developing a skilled workforce will also help India leverage a global opportunity. As per the 11th Five Year Plan published by the Indian Government, there will be a shortage of 55 million skilled workers in 2022 in the rest of the world, whereas India will have a surplus of 47 million skilled workers.