A Three-Pronged Strategy to Upskill India’s Workforce
By Manish Kumar
As structural, demographic, and technological shifts transform the nature of work, new entrants to India’s labour force will have to be skilled and made employable.
Around 70 million people are expected to enter the country’s labour force by 2023. This will include 59 million young people below 30 years. Strategies for reskilling the current workforce, and formal recognition of informally acquired skills will, therefore, have to be reinforced.
Against this backdrop, India is driving unique initiatives to convert its demographic potential into a dividend that will fuel growth. At the same time, ageing populations in several developed countries present opportunities for the migration of skilled persons from India.
There are three major areas of skill development that needs to be worked upon.
Photo courtesy of Knut-Erik Helle.