A very good morning to honorable judges and my dear friends.
I am Prakash along with my team Suprav and Gurupdesh.
Today we are going to present on the topic, India’s Skill Development Challenges: Devising a PPP model.
“On that beautiful night, when Pandit Jawaharlal Nehru announced India’s famous tryst with destiny, not only a country was born but along with it born million hopes and billion beliefs.”
We have trudged along so far 65 years through this journey, but still these hopes have not transcended into actions.
India, is still grappling with great malaises and hope is still the poor man’s bread.
But, the fact that the real problem has always been hidden from the real people is something which is pertinent.
When we talk about India’s problems at large, corruption and poverty take the cynosure.
If we dig further, people will talk about inherent social stigma or probably the incompetence of politicians.
But, very few know that India is struggling with a challenge of skill development. The challenge so beautifully powerful that it can make or even break this country.
Today, we are going to talk on this challenge head-on.
Let’s talk about our one bounce over the rope agenda for the today. So, without wasting much of your time, we will start off.
India – A Curtain Raiser
India, a country that once used to contribute more than 60% of the world’s income pre-colonialism, apparently shrunk itself to embarrassingly contribute about 2% to the world’s income till independence. However, by virtue of its geographic dividend, India lifted itself from the clutches of stagnancy and started off to follow the growth trajectory post-independence. Post liberalization, India started to grow rapidly, partly because of the opened economy and partly because of its demographic dividend. Now, the world is on the brink of taking a paradigm shift again, India has evidently become the blue eyed nation of the world and with its ever strengthening demographic dividend looks promising to dominate the world economy in the years to come. We are now in a transitional phase when India’s demographic advantage has a lot of offer. As several developed economies face challenges of ageing populations, India is destined to be a contributor to the global workforce pool. It seems we are girdled up to ride the band wagon of growth. But, things may not be as rosy as they appear!
And evidently, it is just the tip of the iceberg and the mammoth problem glares underneath. Slide 4
After a trip to the tip of the iceberg, lets delve deeper into the iceberg itself. Let’s start off with our first reality check, challenges of filing skilled workforce worldwide. India which boasts of its rich demographic advantage has as much as 67% employers finding it difficult to fill the existing jobs with skilled workforce having the desired marketable skills. This presents a grim situation wherein countries are facing high unemployment rates at one hand and on the other hand the existing job positions are kept vacant. Slide 5
Let us now talk about global supply of skilled manpower, our second reality check. The figure shows that at 19.2% of its total population India stands tall with the largest proportion of young population between the age group of 15 to 24 years. The literacy rate of India at 74% is least among the major countries depicted in the figure and unemployment rate the highest. Slide 6
Let us also look at the third and the final reality check.
In 2000, the median age of Indian population was less than 24 years in comparison with Japan (41), Europe (38) and China (30). The statistical revelation shows that by 2026, about 86 crore people in India, would be in the age group of 15 to 59. Such a great demographic advantage might give any country in the world a great strategic lever to accelerate its economic trajectory just by the virtue of its workforce. But, if look at this fact upside down, we have...