PAGE 11 OF 12
Fringilla volutpat penatibus. Libero nibh neque sapien suspendisse montes lectus nibh adipiscing. Aliquam luctus lectus quam rhoncus tellus. Placerat consequatur est dictum at iaculis. Sed pellentesque repudiandae nullam ac praesent.
Odio pede tristique. Nec nisl phasellus sem sollicitudin deserunt felis mi in erat mi imperdiet. Ante maecenas lorem. Nam velit nunc molestie id vitae ac ut sit. Sit interdum sed mauris sapien malesuada. Quis suscipit velit. Lectus natoque consequat. Fusce aliquam sapien pede rutrum nulla. Gravida libero maecenas at augue vel ac facilisis ac. Ut pellentesque mattis sapien cras eu.
The government has started to give skill training to students and youth by programmes named Skill India which is a major part of government’s Make in India Programme. There are around 18 ministries in the centre, which provides skilling in various sectors in India. In addition to that, the government has formed a separate ministry named Ministry of Skill Development and Entrepreneurship and launched PMKVY. The FM has set aside RS 1,700 crore in the 2016/17 budget in order to set up 1,500 PMKVY Multi Skill Training Institutes around the country. This can solve one of the biggest problems which is being faced by the country that is skilled workforce. Even at higher-education level, despite record numbers of graduates, many lack the soft skills required to succeed in business today, like problem solving and creative thinking.
The PMKY aims at skilling around 10 Million by the end of this year and according to the government, already 7.6 million people are trained. The real measure of the success of the programme will be in the number of trained youths getting jobs. Another big risk is the creation of employment opportunities for all those trained under the programme. The 10 million trained youth would require 10 million job which will be a herculean task.
The 3 largest sectors which contribute for the major share of GDP of the country are Information Technology Enabled services or BPO, Banking Financial Services and insurance, Manufacturing sector and Textile Handicraft sector .The ITES and BPO industry would require 22 million skilled labours by 2022 and contribute for around 8% of the total GDP of the country and are expected to hire 1 million new recruits per year in the coming years. Manufacturing Industry is aiming to create 100 million skilled labours and will contribute to 15% to 25% of the total GDP. The textile and Handicraft industry provides job for around 10 crore of people. All these sectors requires adequate skilling and the skilled should not be restricted to the students or youth instead lifelong learning should be promoted.
There should be adequate funds for skilling programmes and that is going to be a major challenge in the near future. Over the next three years, India's formal labour force will have to expand by 28 per cent, and Gross Domestic Product (GDP) will have to grow by at least 10 per cent, if there are to be enough jobs with decent pay. With global conditions the way they are, and manufacturing is diminishing in India, this is a hard prospect. The economy should be stable enough to provide funding for skill development whether in the organised sector or unorganised sector. While a greater emphasis is given to skilling the youth and workforce of the country it should not affect the GDP and economy of the country. Therefore enough planning and forecasting must be made from the side of government to ensure that enough skilling is done without affecting the GDP of the country.