EMERGENCE OF INDIA AS THE SKILL CAPITAL OF WORLD - POSSIBILITIES & PATH AHEAD

India is blessed with a demographic dividend due to its huge young population who are about to enter the global workforce. This is at such as time when the entire world especially the developed economies are facing acute & ever growing shortage of skilled workers. If India enables this young population with the right skill, it can cater to its own domestic demand as well as cater the global skill requirement. India can emerge as the Skill Capital of the world with massive action, intense focus & mission-mode efforts in skilling the Indian youth. The researchers have made an attempt to comprehend & analyse the possibilities for India in emerging as the global skill capital or talent hub and ponder on the path ahead in this journey. The study concluded that catering to the global market calls for a mission mode focused massive action on all skill development efforts, identification of key global labour markets & key sectors as per their demand. The opportunity exists to emerge as the Global Skill Capital but to make it happen a structured approach encompassing multiple areas needs to be adopted for reaping the real benefits of the demographic dividend.

___________________________________________________________________________________

 

Keywords: Skill Development, Demographic Dividend, Workforce, Employability, Global Skill Capital.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download