Making skilling viable is the key

Was the world’s 7 billionth child born in India? Recent headlines in most newspapers debated this question extensively. While it is impossible to say for sure, given India’s population and population growth rate, that is quite possible. This highlights the huge demographic dividend India can reap from its large young population, with 250mn to 400mn people joining the employment market between now and 2025 to fuel its growth. However, to become productive, they have to be trained to avoid large-scale unemployment, which underscores the huge challenge in reaping these benefits as India’s current capacity for vocational skilling is only about 4-5mn per annum against a requirement of 10 times that.

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