Call For Paper Volume:4 Issue:8 Aug'2017 |

A Study of Skill Development Scenario in India

Publication Date : 11/03/2016

Author(s) :

Dr. Sudhir Kumar Vashisth , Dr.Pramod Gupta.

Volume/Issue :
Volume 3
Issue 2
(03 - 2016)

Abstract :

Labour transition, decent income and utilization of demographic dividend have a common requirement in skill inculcation. In Section 4 on ‘Indian Employment Scenario’, it was mentioned that the Planning Commission anticipates creation of 50 million additional jobs in the non-farm sector during XII Plan period (2012-17). Additional jobs proposed are around 12 million in the manufacturing sector, 25 million in the construction, 7 million jobs in trade, transport & hotels and 4.5 million in finance, banking and real estate. The purpose is to bring down employment in agricultural sector to 45% and move the excess labour to more productive and better-paid jobs (organized and self-employed) in the manufacturing and services sectors. Further, it has also been planned to increase the rate of job creation in manufacturing so as to create 100 million additional jobs by 2022 . There could be openings in the organized and the unorganized sectors. For realizing these estimates, large scale skill inculcation is a requirement. Yet another motivating factor for skill enhancement comes from the demographic factor . The Boston Consultancy Group predicted in 2007 that by 2020 India would have a surplus of 56 million working people, while there would be a shortage of 47 million working people around the world. Further, demographic trend indicates that by 2022, India will have 63% of the population in the working age band. India will experience the demographic advantage up to 2040, whereas it would start narrowing down for China from 2015. The situation calls for stupendous efforts towards development of skills appropriate to the market needs.

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A Study of Skill Development Scenario in India

February 29, 2016