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Best Practices in Skills Implementation: The Indian Story
Abstract
The future world will see a radical shift in the nature and availability of jobs. Such a shift would entail youth to be equipped with new-age skills. For nations with a competitive advantage of diverse talent bases, the threat of unemployment looms large with serious consequences. India is no exception. As one of the youngest populations globally, 365 million Indians would be eligible to join the workforce in the next decade. Such a demographic dividend would contribute positively only if there are matching economic opportunities to absorb it. Transforming India's demographic surplus to demographic dividend requires policymakers to timely harness the power of skill development. This chapter explores how the skill mismatch is being addressed in India by following certain best practices that are purpose-oriented and ensure quality. Based on the case study of a leading vocational and employability training company, IL&FS Skills, the best practices in skill development for long-term sustainable impact are explored in this chapter.
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