1. There is a significant skill gap in India between the skills possessed by students and graduates and those required by employers. This is due to shortcomings in both the education system and quality of skills training programs.
2. Several reports highlight India's need to develop skills for over 12 million new entrants to the workforce each year in order to sustain economic growth targets. Key sectors like manufacturing, infrastructure and services will require skilled workers in large numbers.
3. The paper recommends reforms to the education and skills training system including improving standards, increasing access to skills development programs, and better aligning training outcomes with job market needs. It emphasizes the importance of closing India's demand-supply gap for skilled professionals.