Although India is the youngest nation in the world with more than 60 percent of its population under 30 years of age, it is unfortunate that only 2 percent is trained with vocational skills. This is in sharp contrast to countries like Korea, which has 96 per cent population trained in vocational skills, and Japan and European countries like Germany and France where more than 80 percent are trained with technical skills.
If ever there is a way to reap the demographic advantage, it has to be through skill development of the youth so that it adds not only to their personal growth, but also to the country’s economic growth.
India has seen rapid growth in recent years, driven by the growth of new-age industries. However, there is anexorbitant shortage of skilled manpower in the country. In the wake of the changing economic scenario, it is necessary to focus on inculcating and equipping the youthwith quintessential skills that will increase their employability and, ultimately the efficiency.
India lags far behind in imparting skill training as compared to other countries. Only 10 percent of the total workforce in the country receive any kind of skill training (2% with formal training and 8% with informal training). Furthermore, 80 percent of the entrantsdo not get the opportunity for skill development.
In India, there is a huge mismatch between the current education and the skillscorresponding the industry and business needs.Even though millions of students complete their education each year, only a few of them are adequately skilled to get a job. According to a survey, only 2 percent of the country’s workforce is skilled, which is much lower when compared to the other developing nations.Therefore, there is a dual challenge of developing skills and utilising them in a proper way.
Although India is the youngest nation in the world with more than 60 percent of its population under the age of 30 years, it is unfortunate that only 2 percent is trained in vocational skills. This is in sharp contrast to countries like Korea, which has 96 percent of its population trained in vocational skills, Japan, and European countries, like Germany and France, where more than 80 percent are trained in technical skills.
In the 21st century, it is believed that skills and knowledge will drive the forces of economic growth and social development.And a country with skills-driven work force adjust more effectively to the challenges and opportunities of the world of work.
Keeping in mind the augmenting requirements of Indian businesses as well as educational institutions, and the huge mismatch between the current education curriculum and the employability skills, EIFE has launched an ambitious project ‘First India International Skill Development Summit’.
The objective of this two-day summit is to build a platform between various governments, private sectors and civil society players to rapidly build up a vibrant skill development partnership with International countries, companies &institutes those who have satisfactory experience in this filed. The aim of this summit on skill development in India is to contribute to achieving a rapid and inclusive growth through:
Identifying the current skill requirements in the potential sectors/industries
Benchmarking the Indian Skill Development efforts
Learning from the experience of OECD & ILO
Inviting International Institutes for Skill India
Platform for Learning, Sharing & Joint Ventures
G2G, G2B, I2I, G2I and B2B interaction
We come with the aim to skill, with Speed, Scale and Standards, the country and develop a new India in which knowledgeempowered people, institutions and organisations achieve results to overcome global challenges.
The Europe India Foundation for Excellence (EIFE) is a joint initiative of Media India Group (MIG) and European India Chamber of Commerce (EICC) in response to the call by Prime Minister Narendra Modi for participation in fulfilling the skill gaps in India.
EIFE is a think-tank, innovation-incubator and not-for-profit organisation created with the objective of promoting skill development, education and Research and Development in India with a focus on Europe.
Seeing the potential for development, EIFE has launched an ambitious project, EU-India Skill Development Partnership. The conference is to provide a space for elaborative discussions allowing Indians to explain to Europeans their priorities, challenges and requirements. On the day following the conference, there is an official meet (pre-fixed B2B meetings) between the International guest institutions and the Indian companies.
Since the beginning of 2015, the EIFE has actively scanned the skill development terrain in India and during the visit of Indian Prime Minister Narendra Modi to Hannover in Germany, the EIFE signed several MOUs with Government of Gujarat, Government of Jharkhand, HEC Ranchi, INTEX Tv Gujarat, Gift City Gujarat, IL&FS, Honeywell, and other.