Report on “Skills for the Future: Transforming India’s Workforce Landscape” Unveiled
Mumbai: The report titled “Skills for the Future: Transforming India’s Workforce Landscape” was unveiled by Minister of State (I/C), Ministry of Skill Development and Entrepreneurship and Minister of State, Ministry of Education, Jayant Chaudhary. The report, developed by the Institute for Competitiveness, presents a detailed examination of the skills landscape in India.
Key Findings:
Low-Competency Occupations: 88% of India’s workforce is in low-competency occupations, while only 10-12% are in high-competency roles
Vocational Training: Five sectors accounted for over 66% of vocational training in India, including IT and ITeS, Textile and Apparel, Electronics, Healthcare and Life Sciences, and Beauty and Wellness
Jayant Chaudhary, said: “Skilling is to be understood not merely as a supply-side intervention, but as a demand-driven, market-aligned, and outcome-oriented ecosystem that addresses the evolving needs of industry and the workforce.”
Recommendations:
Multifaceted Interventions: Targeted interventions to develop a resilient and future-ready workforce
Dedicated Data Collection System: A standardized data collection system to generate estimates about skill requirements and enable evidence-based reforms and policies
Industry Accountability: Industries need to be incentivized to recruit from skill-certified talent pool and take accountability for creating market-aligned training and offering higher wages.
Objective:
Transforming Workforce Landscape: The report aims to provide insights and recommendations to transform India’s workforce landscape and make it more competitive and future-ready.
