The Role of Skill Development for Employment and Opportunities in India

Abstract

It is commonly anticipated that for the following few decades, the Indian economy would grow at consistently high rates, overtaking the US economy as the second biggest by 2050. These optimistic forecasts are mostly a result of the nation's demographic makeup. India is expected to have one of the youngest populations globally, with the majority of its citizens being of working age. With a low dependence ratio and an excess labour force, India has a significant competitive edge over most other large countries. However, India must provide its workers with the necessary and relevant skills if it is to properly utilize this demographic dividend. The paper emphasizes the environment that now exists in India for skill development and the part that skill development will play in providing job and entrepreneurial possibilities for the country's new generation in the future. The paper will discuss the schemes under skill development of India and the scope for employment.

Keywords– Employment, entrepreneurship, programmes, skill development.