Skill Development: A Way to Create Skilled Workforce for Strong and Sustainable Growth

14 Pages Posted: 12 Dec 2016

See all articles by Dr. S K Misra

Dr. S K Misra

Dr B R Ambedkar National Insitute of Technology; Punjab Technical University

Date Written: October 11, 2016

Abstract

This is a universally accepted fact that the economic growth of the country and strength of any nation is mainly dependent on knowledge and skills based human resources. Looking to the rapidly increasing demand-supply gap and global competition, it is very important for the organizations to ensure an adequate supply of skills manpower and their optimize use. At the same time, the world’s population is ageing fast and it will reach to 1.3 billion by 2040 above 65 years of age. The world market may suffer with the labor shortage due to ageing population in several countries like Germany, France and US etc. India has the advantage as compared to other countries because India has youngest populations in the world, with a median age of 25 in 2010, whereas the median age for US, China and japan are 27, 34 and 45 respectively. India is one of the labor surplus countries as India is expected to have one of the largest working age group (15-64 years). This is an asset, which need to be capitalized on and transform India into a prominent exporter of skilled resources to the other pat of the world. The mobility of human resources is the long-term solution for sustaining the growth rates of countries and enabling them to surmount issues including demographic asymmetry and globalization of economies. India’s strength as a source of a large young and mobile workforce is globally acknowledged. Today’s the world is looking at India with very high expectations to cater the need of skilled manpower as the India is in demographic dividend phase. Government of India has initiated Skill Development mission to train 500 million people by 2022 in different field. The mission of the skill development initiative is to Upgrade skills to international standards through significant industry involvement and develop necessary frameworks for standards, curriculum and quality assurance, Enhance, support and coordinate private sector initiatives for skill development through appropriate Public-Private Partnership (PPP) models. The adoption of a much more robust approach is essential for putting in place a quality skill education and training framework in the country. To achieve the target of skill development mission, we arrive at conclusion that the existing policy should be modified in accordance with the need of the industry, restructure of existing system. Development of curriculum with focus on IT, Linkage with School, Linkage with Industry, Promotion of PPP model for infrastructure development. Focus on non-technical training, Design industry based curriculum, Transfer of credit, Restructuring of skill development mission, establishment of skill development University.

Keywords: Demographic Dividend, Skill Development, Vocational Education, Quality Training and Employability

Suggested Citation

Misra, Sushendra Kumar, Skill Development: A Way to Create Skilled Workforce for Strong and Sustainable Growth (October 11, 2016). Available at SSRN: https://ssrn.com/abstract=2883735 or http://dx.doi.org/10.2139/ssrn.2883735

Sushendra Kumar Misra (Contact Author)

Dr B R Ambedkar National Insitute of Technology ( email )

NH 1
Jalandhar, 144011
India
9478098010 (Phone)

HOME PAGE: http://www.nitj.ac.in

Punjab Technical University ( email )

Jalandhar-Kapurthal Road
Kapurthala, 146001
India
919478098010 (Phone)
911822662530 (Fax)

HOME PAGE: http://ptuaccounts.ac.in

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