In next 20 years the labor force in the industrialized world will decline by 4%, while in India it will increase by 32%. This poses both a challenge and an opportunity. To reap this dividend which is expected to last for next 25 years, India needs to equip its workforce with employable skills and knowledge so that the youth can participate productively to make India a developed economy. The country, however, has a big challenge ahead as it is estimated that only 2.3% of the total workforce in India has undergone formal skill training as compared to 68% in UK, 75% in Germany, 52% in USA, 80% in Japan and 96% in South Korea. While the debate on the exact quantum of the challenge continues, there is no disputing the fact that the range is of massive proportions for skilling in India.
To achieve the massive target of skilling, it is of utmost importance to have trainers of excellent quality that are capable of training people in several fields. To augment the supply of qualified trainers, a series of training of trainers programme needs has to be organized to enabling the organizations to bring more experienced people in the fold especially the ex-servicemen in defence, railways and existing & retired people from industry, who already have relevant experience.
And, to create jobs for employment for self and other skilled people who do not have the opportunities, a pool of young skilled people is required to be equipped with entrepreneurial capabilities.