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  1. 1. Presented by: Samarth Vikram Singh Rahul Sharma Dipanjan Biswas Rishi Sen Bhuvan Dua
  2. 2. INDIA NEEDS TO CREATE & FILL 1.2 CRORE JOBS EVERY YEAR FOR NEXT TEN YEARS  80% of India’s workforce possesses no marketable skills in labour market  53% of workforce is engaged in agriculture sector which contributes only 17.2% to the country’s GDP  Likewise, only 19% of workforce is engaged in manufacturing industry which should be the engine of job creation  48% of Indian employers face difficulties in filling vacancies  85% of Indian graduates are unemployable in India’s high growth industries  94% of Indian are employed in unorganized sectors  The gross enrolment ratio (GER) in higher education, as per the all India survey on higher education released by MHRD, stands at 18.8%
  3. 3. CAUSES OF THE PROBLEM 1. Poor quality of education and lack of focus on skill development at all levels of school education 2. Social attitudes of seeing children as a potential source of income in financially weaker sections 3. Inefficiency of higher, professional and vocational courses to impart skills crucial for concerned job market 4. Outdated Labor laws and predatory environmental regulation regime which discourage expansion of manufacturing and the jobs that come along with it 5. No real touch among graduates with actual industry/job functioning 6. Conventionalism in selecting career options largely due to poor counseling culture REASONS FOR SELECTING THESE CAUSES  High unemployment turning human resource potential of the country into a liability  Need to improve quality of jobs and engage more and more people in organized sector to improve living standards of people  Need to drive people in unexplored job markets to ameliorate oversaturation in agriculture and other unorganized jobs  Need to increase productivity of workforce to expand India’s economy
  4. 4. BUILDING A 3-TIER SKILL DEVELOPMENT FRAMEWORK WITH PRIVATE SECTOR PARTICIPATION Unemployed college graduates • 6 months integrated skill development courses by industry • The programs will run throughout the year on PPP model • Their updated skill sets will be centrally maintained in a database and would shared with the industry Mandatory career counseling and 100 days apprenticeship of students at senior secondary level spread over Class 11 and 12 • Counseling based on Psychometric tests, performance and interests of• Counseling based on Psychometric tests, performance and interests of students • Inviting private sector participation in providing apprenticeship to students • Private participation will be encouraged by giving tax sops and including the activity in CSR domain Developing skill sets of school drop outs (14+ years age) • Would have an extended sector specific skill development and apprenticeship program to make them job ready in 6 months • Will be simultaneously imparted soft skills, language proficiency and basic computer skills • Would join school students in Class 11 and 12 in their counseling and apprenticeship program according to their performance
  5. 5. ADVANTAGES OVER EXISTING ALTERNATIVES MORE RELEVANT SKILL SETS • Existing vocational courses like ITIs not updated with markets demands • Reduces costs by INDUSTRY ADVANTAGE • Reduces costs by involving private players • Industry gets to design curriculum and absorb skilled labour RIGHT DIRECTION • Create awareness for unconventional & unexplored job markets • Leveraging best processes available for counselling at low costs
  6. 6. IMPLEMENTATION  Corporate, academia and industry experts will design these skill imparting and allied courses to be dispensed at the three levels : school drop outs, senior secondary students and degree/diploma holders  Developing a pool of quality trainers from NGOs, Corporate and willing volunteers from academia. Standard mechanism to be followed while recruiting trainers wherein private players will be involved  Maintaining a central database of skilled candidates to be shared with the employers across all sectors. More importantly, the database to be linked to theemployers across all sectors. More importantly, the database to be linked to the AADHAR CARDS of the candidates  Government to create a corpus for the programme depending on the scale of the implementation of the programme  The programme to be implemented in varying demographic segments depending on income levels, literacy rates, employment levels etc.  Tax breaks to be given to the participating private players. Moreover, the investment to be counted as CSR spending
  7. 7. IMPACT OF THE SOLUTION  The impact of the programme will be measured by the updated employment status of the candidate in his/her AADHAR CARD data  By incentivizing private participation with tax and other benefits, the programme will be a win-win proposition for all the stakeholders. It will immensely cut cost that otherwise would have been incurred in a programme of such scale  The value proposition of having an assured employment due to skill sets The value proposition of having an assured employment due to skill sets developed in the programme will encourage the targeted segments to participate and benefit from it  It will result in covering the opportunity cost of an unemployed or pseudo employed workforce for a very limited investment by government and corporate, thus making the programme a very sustainable framework in the long run  Checks and balances involved at all stages to evaluate the efficacy of syllabus design, trainers and programme implementation  Monitoring : Government shall set up a special purpose vehicle under MoHRD to design and monitor the programmes at all levels
  8. 8. CHALLENGES AND MITIGATION FACTORS  Political Challenges: The programme will require an overhaul of the current educational setup in the country as well as making provisions for inviting the private sector in the programme  Institutionalizing the programme can lead to technological and political skepticism  The inability of the current education setup in assuring the students of attaining a credible skill set might lead to reluctance to joining the programme by parents  Initially, the programme would incur a considerable investment on part of the government and the gestation period for the programme would be long term  The government in tandem with corporate needs to create awareness about the importance of programme  Because the programme do not tinker with the current educational setup, it will not be difficult to convince the legislatures in developing the framework  We can leverage the IT prowess of our country in institutionalizing a comprehensive technical setup for the programme
  9. 9. APPENDIX  Taking Stock A sector wide scan of Higher Education in India – a report by CII and PwC(Nov 2012)  Economic Survey of India 2012-13  World Bank Report (2012)