Redefining the economics of skilling

A single Generation graduate can save an employer from Rs 45,000 to Rs 1 lakh


Rajat GuptaSaipriya Sarangan
We live in the automation age in which – more than ever before – skills will define the employment prospects of our citizens, particularly young people. UN World Youth Skills Day, celebrated on July 15 every year, draws attention to the need for equipping the young with skills, and setting them on a path to a fulfilling career. India has made skills development a national priority with the institution of its National Skill Development Mission in 2015, a programme that has an annual budget of about Rs 17,000 crore. 

Indian industry is still grappling with ways to establish the value of skilling for employers as well as learners by increasingly focusing on programme outcomes and strengthening links between skilling and employment.
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

First Published: Jul 27 2017 | 10:42 PM IST

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