India being one of the world’s largest populated countries has almost 70% of population below the age of 30-35 years.
There is thus, without doubt, an urgent need to provide this strong portion of the population appropriate and vibrant means of livelihood with an emphasis to development of their skills for it has been estimated by renowned agencies that out of the small proportion of the population who become fortunate enough to enter the workforce, don’t actually survive for long.
It is because only a meagre 4% of them have the necessary skills to survive. In a country like India, where emphasis has always been on professions like Engineers, Doctors, CAs, that rely entirely upon bookish knowledge and memory skills, practical training too is confined to the limitations of the book; thus, the statistics cannot be questioned upon.
Roughly speaking, around 50% of employed youth in India lack in some degree of skill development, and this answers why India has a major proportion of the population unemployed.
As per the 2011 NSSO survey, it was then estimated that only 4.5% of India’s total workforce went through formal skilled training compared to their US, Uk counterparts, being 52% of US, 68% of UK.
Hence, to tackle this quick-sand like situation, an immediate need was recognised- to skill India. Therefore, under the guidance of honourable Prime Minister, Narendra Modi, the Pradhan Mantri Kaushal Vikas Yojana(PMKVY) was launched, through National Skill Development Mission.
The mission aims to skill 400 million people by 2022. But, can the Government do all of it all by themselves? Is it a feat meant only for the Government?
Will the fruits of this mission be enjoyed only by the public sector?
The answer to all these questions lies here- It has been estimated that out of the (say) 100% of employment generated in India during a given year, 92% of it belongs to the private sector. Thus, making the Private sector, whole (almost) and sole beneficiaries of this scheme. Thus, it becomes a moral duty of the private sector to ensure their undivided support reaches the Government in further execution of the Skill India scheme.
The role of the private sector is thus crucial in this regard, and they can fulfill their responsibilities through:
- Active participation in industry related skills through charting and designing of the curriculum or the course for the skills to impeccably match the demand.
- On the job mentoring and training to enhance workmanship and needed skill development.
- Generation of demand for skilled individuals to meet the supply that will flow in through the scheme.
- Supporting financially, physically and economically to enhance efficiency and reduce duplicity and disguised unemployment.
- Transparency between Government and the Private Sector to help eliminate red-tapism and bureaucracy so that both the Government and the Private Sector attain the maximum returns for their noble efforts.
India is on the verge of becoming a super power brimming with positive and hardworking individuals and thus, it needs the combined support of both the Government and Private sector to flourish beautifully. Where one can be called as the mother of the scheme, the private sector does (thanks to it strong economic standing) stands as the father with the youth being the children of the two.
The happy picture will only be complete when all three parties work together, supporting and supplementing each other harmoniously.