Without adequate skills development, people remain marginalized and countries cannot compete globally in the knowledge-based economy. Three key issues are highlighted:
1) 75% of Indian technical graduates and 85% of general graduates are unemployable.
2) 80% of India's rural and urban workforce lacks marketable skills.
3) For India to benefit from its demographic dividend of young people entering the workforce, it must effectively train this population. Skills development is necessary for individuals, societies, and national competitiveness.