The 2011, CII National Conference on Skills Development provides a unique platform for all major stakeholders in skills, vocational education and education to come together and share creative ideas, thoughts and solutions with the audience to bring about the requisite change in the Indian skills landscape.
The earlier Summits have touched upon different themes and set the pace for consolidation on existing efforts in Skills in India. In this summit we aim to discuss and deliberate on various innovative models in context of India’s skill landscape enabling stakeholders make a transition to implementation mode.
A young population is India’s demographic dividend. It gives India the potential to become a global production hub as well as a large consumer of goods and services. Further, since the age-group of 45-60 years is the key contributor to household savings, India’s savings rate, which has increased rapidly in the last decade, will get a further boost thereby supporting investment.
The global workforce is expected to be overtly dominated by Indians in the next couple of decades. A study by the Boston Consulting Group shows that, while the world is expected to encounter a shortage of 47 million working people by 2020, India will have a surplus of 56 million working people.
The ‘demographic dividend’, provides India with strong advantages insofar as
achieving high rates of growth powered by an enlarging workforce is concerned.
However, India will be able to utilise the dividend meaningfully, provided it is able to equip its workforce with the appropriate skills. In this respect, skills
development emerges as one of the most critical aspects of India’s economic
The value of India’s demographic dividend will depend in great measure on
whether the public and private sector have the will and foresight not only to
create jobs but also to train the new workforce, encourage global trade, improvea failing education system, provide better housing, attract investment to support innovation, and implement policies that engender confidence in the economy.
The approach paper to the 12thPlan emphasizes, “enhancing skills to reap
demographic dividend.” The urgency of creating sustainable financial and
institutional systems and simultaneously increasing scalability cannot be
emphasized enough. It calls for a focus emphasis on initiating greater linkages
between the central & state governments and the industry in an organized set up, with emphatic inputs in
(i) Social marketing of skills training,
(ii) Augmentation of quality instructors and trainers and
(iii) Strengthening the national skills network.
The demographic dividend can best be reaped with both the government and
industry understanding and implementing the roles and responsibilities towards skill development.