NSDC releases the latest issue of Skill Matters - NSDC's monthly newsletter
This month's lead story is about Worldskills Team India's visit to Leipzig, Germany and the three winners of the Medallion of Excellence! A synopsis of skill gap studies from four new states is also discussed.
A Cut Below: Companies work towards Skill Gap in India
India's "demographic bulge" - the hundreds of millions of young people who will flood its job markets in the next decade - is in danger of sliding into a lopsided paunch that will weigh the nation down and crimp its gross domestic product. The problem is simple: Indians are obsessed with textbook education and white-collar dreams. Most of them shy away from bluecollar careers that could guarantee them employment and income. Learn more about the current skill gap and the proposed way forward.
Lack of key skills is the biggest threat to Indian business: PwC HR Study
Nearly 81% of Indian CEOs see the unavailability of key skills as the biggest threat to growth prospects and wish to change their organisation's talent strategy in the next 12 months, according to a PwC study.
Indian Education System: It's for bread alone
Of India’s 1.2-billion population, 60% are of the working age. And of the 15 million individuals who join the queue of job seekers every year, only 3% undergo vocational training.
Sector Skill Councils: The way forward for Skill Development in India
SSCs are national partnership organizations that bring together Industry, Human Resource, Academia and Government with an objective to bridge the identified skill gaps in different sectors of India’s economy.
Strategic and implementation framework for skill development in India
India has one of the youngest populations in the world and a very large pool of young English-speaking people. Therefore, it has the potential to meet the skill needs of other countries and also cater to its own demand for skilled manpower.
Skill Development in India - A Transformation in the Making
The 11th Five-Year Plan document mentioned that while 12.8 million people join the Indian workforce each year, the annual training capacity is less than half of that (GoI 2007). With one of the youngest populations in the world and projected to have 64 per cent of its likely population in the 15–59 age bracket by 2021 (GoI 2012), India is uniquely positioned to take advantage of this favourable demographic proi le to take that giant leap from being a developing country to a developed one in a decade from now.