Skilling India - Importance of skill development in India
During his Independence Day speech in 2014, Hon’ble Prime Minister of India Shri Narendra Modi stated that “skill development” and “ Skilling India ” must be our mission if we are to promote our country’s development. Hundreds of millions of Indian youth should learn skills that will enable them to contribute to the modernization of India. He expressed his desire to create a pool of young people who are capable of creating jobs as well as assisting those who are unable to do so due to a lack of opportunities. Skilling India is important for two main reasons: 1. The growth of the service sector in India – The natural economic movement of a country goes from an agrarian economy to an industrial economy to a service economy but India has leapfrogged from an agrarian economy to a service economy. This remarkable feature of India’s recent growth is diversification into services, with the services sector dominating GDP increasing the importance of skill development in job creation.