Skill Development

The accelerated economic growth has increased the demand for skilled manpower that has highlighted the shortage of skilled manpower in the country. Employees worldwide state a variety of reasons for their inability to fill jobs, ranging from undesirable geographic locations to candidates looking for more pay than what the employers have been offering. India is among the top countries in which employers are facing difficulty in filling up the jobs.

India lags far behind in imparting skill training as compared to other countries. Only 10% of the total workforce in the country receives skill training. Further, 80% of the entrants into the workforce do not have the opportunity for skill training.

In India, about 12 million people join the workforce each year comprising highly skilled
(constitute a minuscule part), skilled, semi-skilled and unskilled workforce. The last category constitutes the majority of the population entering the workforce. However, the current skill capacity of the country is about four million. Hence, skilling and technical education capacity need to be enhanced to about 15 million.

  • Currently, only a very small proportion of India’s workforce has any formal skill training. Not surprisingly, therefore, several sectors of the country’s economy face the shortage of skilled people and are mired with low productivity levels due to a less competent workforce.

  • Currently, only a very small proportion of India’s workforce has any formal skill training. Not surprisingly, therefore, several sectors of the country’s economy face a shortage of skilled people and are mired with low productivity levels due to a less competent workforce.