India has set a goal of up skilling 500 million additional workers by 2022 and Vocational Education Training (VET) will be key to its fulfillment. This will determine if India will reap its demographic dividend or will lead to a demographic disaster.

1. VET Boost
for
Skill Development
in India
Source: businessworld.in01.04.2016

2. Skill
Knowledge
Economic
Growth and
Social
Development
VET is training in practical skills, attitudes,
acquiring knowledge relating to a job or
work. At a time when skills gap is a major
concern across the world, investing in VET
has never been so important
It's no surprise that governments are
waking up to the significant role that
Vocational Education and Training (VET)
plays in countries' future.

3. • The UK government has set a target of creating three million apprenticeships over the
next five years
• President Obama's address to Congress in 2009 included vocational education as part of
his 2020 education goals
• The South African government plans to increase workplace training, starting with
government agencies and departments who will be encouraged to offer workplace
training for vocational students
• India has set a goal of up skilling 500 million additional workers by 2022

4. • More than 54% of India's total population is below 25 years of age
• By 2022, the US will experience a shortfall of 17 million skilled; in
comparison India will have a surplus advantage of 47 million
• While the majority of countries will see a decline in the labor force
by 4% over the next two decades, India's will increase by 32%
• Along with Prime Minister Modi's pet project Skill India Campaign,
India is in a unique position to up skill its workforce at home and
provide skilled labor to the rest of the world
India and Skill Development

5. By ensuring VET as a key pillar of the education system,
governments can bridge the skills gaps, boost productivity and
increase employment, all of which has a positive impact on society
Of 15-24 year olds are involved in an
apprenticeship scheme in US
Of the labor force have received or are
receiving vocational training of any kind
in India
6.8%>1%
The need to leverage VET

6. • Firstly, India needs to focus on implementing the right kind of training techniques and
prepare its workforce for employment - both at home, and across the world
• Gross domestic product levels can increase ~3% by 2035 if India improves significantly on
skills training
• Introduction of employer engagement through the development of Sector Skills Councils is
a positive step; However, more needs to be done to incentivize vocational training and
adequately reward workers who have undertaken skills development programs
India’s task is cut out

7. • To fulfil PM’s aspiration of “requisite manpower to all', developing international partnerships is
key to Indian skills policy
• Investing in primary research around VET will create a more compelling case for India as a
global HR powerhouse
• Policy decisions to challenge the inherent stigma around
vocational education and encourage employer engagement
could inspire the young towards VET
Skilling in India needs a strategic push

8. • The ‘National Policy for Skill Development and Entrepreneurship 2015’ has put in place an
approach to strengthen the entrepreneurship development scenario in the country
• The plan is competent, quality conscious, market savvy, innovative and all that is required
is determined and flawless execution
Looking ahead with hope
Careful mentoring and supporting of skilling goals will help
India will hit the target of skilling 500 million workers by 2022