Skill development involves developing one's skill sets to add value to their organization and career. India has a large young population, with 60% under age 14, highlighting the need to enhance education and training. Skill development is critical for India's economic growth as the working age population is expected to reach 63% by 2022. The vocational education market in India has grown at a 22% CAGR from 2008-2014 and is expected to require 300,000 workers by 2022 to meet demand. Key drivers of growth include policy support, private sector participation, and increasing awareness among employers and populations. Challenges include shortages of qualified teachers and infrastructure as well as lack of incentives for teaching.

1. SKILL DEVELOPMENT

2. Education & Skill Development
Sector
Education and
skill Development
Sector
Education
School Education Higher Education Other Education
Skill Development
Technical and
Vocational
Education

3. What is Skill Development
It means developing yourself and your skill sets
to add value for the organization and for your
own career development.

4. Industry Overview
 India has the largest population in the world in the age
group of 0-24 years (about 600 m )
 About 60% of this population is in the age group of 0-14
years (K-12 )
 Enhancing access and reach of education and training is
critical to meet the demand
 With an expected population 1.4 billion in 2022; India
will have 63% individuals in the working age group (15-
59 years)
 Enhancing the pool of skilled labor is critical for the
economic growth of the nation

5. Market Size(in Rs. Crore)
0
50,000
100,000
150,000
200,000
250,000
300,000
2008 2012 2014P
Vocational Education
Higher Education
K-12

6. CAGR(2008-14)
K-12 13 %
Higher Education 11%
Vocational Education 22%
Overall 13%

7. Work Force Requirement in
Vocational Training (Teachers
and Non-Teachers)
0
50
100
150
200
250
300
350
2013 2017 2022
InThousands
In Thousands

8. Growth Drivers
Policy Support
Regulatory Structure
Increasing Private Sector Participation
Increasing absorption of dropouts from mainstream education
Increasing awareness among employers and population

9. Value Chain
Curriculum
Content
Delivery
Assessment
Cortication

10. Challenges
 Shortage of Manpower(Quality and Quantity)
 Inadequate qualification
 Infrastructure
 Lack of incentive for teaching