Skill Development: A Way to Leverage the Demographic Dividend in India

9 Pages Posted: 28 Nov 2016

See all articles by Dr. S K Misra

Dr. S K Misra

Dr B R Ambedkar National Insitute of Technology; Punjab Technical University

Date Written: December 1, 2015

Abstract

The world’s population is ageing fast and it is estimated that the global population aged 65 and above shall reach to 1.3 billion by 2040, which will be more than double of 530 million in 2010. Rapidly ageing population shall result in severe labor shortage across in the global market. The world’s largest economies like Germany, France and US are expected to suffer due to the acute shortage of skilled workers. According to a global study, presently India is one of the largest labor-surplus countries in terms of its working age group (15-64 years) populations worldwide. India is in demographic dividend phase and can generate skilled manpower for employment through effective use of vocational and skill development training. The present study is to examine how to create skilled labor force through effective use of schemes of Government of India, run by different ministries to facilitate its skill development mission target to train 500 million people by 2022.

Keywords: Demographic Dividend, Skill Development, Vocational Education, Employability

Suggested Citation

Misra, Sushendra Kumar, Skill Development: A Way to Leverage the Demographic Dividend in India (December 1, 2015). Available at SSRN: https://ssrn.com/abstract=2875382 or http://dx.doi.org/10.2139/ssrn.2875382

Sushendra Kumar Misra (Contact Author)

Dr B R Ambedkar National Insitute of Technology ( email )

NH 1
Jalandhar, 144011
India
9478098010 (Phone)

HOME PAGE: http://www.nitj.ac.in

Punjab Technical University ( email )

Jalandhar-Kapurthal Road
Kapurthala, 146001
India
919478098010 (Phone)
911822662530 (Fax)

HOME PAGE: http://ptuaccounts.ac.in

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