Skill development critical for faster economic growth: Ansari

Vice President Hamid Ansari today said that skill development will play an important role towards achieving faster, sustainable and inclusive growth and making the country's youth employable.
He further said that knowledge and skills will increasingly become the primary determinants of the economic growth and development of the country.
"For us in India, skill development would be critical for achieving faster, sustainable and inclusive growth on the one hand and for providing decent employment opportunities to the growing young population on the other. Skill building will also remain a potent tool to empower the individual and improve his/her social acceptance or value," Ansari said.

The Vice President said that in the twenty first century, the competiveness of a country in the global market place would depend on the strength of its economy, its contribution to existing and emerging branches of science and technology, and its ability to respond to the imperatives of a globalising world.
Addressing a Conference on Skilling India for Global Competitiveness organised by the PHD Chamber here, he said that knowledge and skills would increasingly become the primary determinants of economic growth and development and countries with higher and better levels of skills will adjust more effectively to the challenges and opportunities of growth in a globalised world.

Ansari further said that today's "significant challenges need to be addressed before we can reap the demographic dividend".

"Around 12 million youth enter the work force each year, most with poor education and negligible work skills. Our current skill training capacity is only about 4 million per year. This leads to an inherent skill deficit in the emerging work force," he noted.
Quoting the latest NSSO Survey, Ansari said it indicates that the general education level of over 50 per cent of our labour force remains extremely low and only 10 per cent of the labour force was vocationally trained.

"It shows that 80 per cent of the entrants to the work force do not have the opportunity for skill training. This means that besides creating employment opportunities for a large and growing work force, we also need to correct the low levels of general education and lack of vocational training of the existing labour force in order to enhance its employability and productivity," he said.
The Vice President opined that Government is cognizant of the importance of skill development for our national development and global competiveness.
The government, he said, has put in place the policy and institutional frameworks and dedicated resources for implementing the national skilling agenda.

The realisation of this agenda will have to be based on a vigorous partnership between government, suppliers of educational services, industry and civil society. Failure to do so would have serious economic and social implications for the country.