India has come a long way, after we attained independence in 1947. We have progressively evolved from being the ‘land of the snake charmers to emerging as a country that is a melting-pot for start-ups and businesses that align to the increased requirements of the upcoming generations at a global level. At present, we are recognised as a nation that is not only educated but is skilled. The cherry on top includes being digitally literate. To keep this reputation from diminishing, the Indian government started with extensive nationwide skilling programs to make the youth more employable.

Governmental efforts

The National Skill Corporation of India was set up in 2015 to skill the youth, mobilise the workforce and strengthen the national economic growth. India is a youth-driven nation. Youth residing in the urban areas are well educated. But those dwelling in the underserved pockets are often overlooked by the workforce. According to the Indian Brand Equity Foundation, the literacy rates in the underserved pockets have shot up to 73.5% over the last 75 years. 81% of them are educated males, and 65% are educated female. The lack of opportunity has kept the youth from living a better life. By diving deeper, we learn that the youth is armed with the necessary domain and lacks the requisite soft skills to make them more employable.  

Changed policies

With NEP coming into play in 2020, academic education underwent a rigorous revision where learners are not only introduced to futuristic domain skills but will be shown how to apply the knowledge, coupled with logic, analytic and creative skills. This change goes down in history for re-introducing Indian education with a difference, aligned with advancing global requirements. 

Some aid

Keeping the above-mentioned factors in mind the government launched an ambitious initiative to skill over 25 million youth. EdTech companies have come to the aid of the government by arming the youth with domain -skills and soft-skills to make learners and professionals more employable.

In the post-pandemic scenario, with enterprises going digital it is necessary to ensure that the youth is digitally equipped to better their employability prospects. Governmental bodies and edtech companies now offer high-end digital courses vetted by enterprise standards. This gives rise to a talent pool of learners and professionals who are aligned and fit to be placed with enterprises that have an advancing technological requirement 

A statistical analysis

According to reports shared by Manpower Group, 49% of Indian companies expect to increase their workforce. As per the recent Indian skills report 45.9% of Indian youth is employable, 85.92% of individuals are looking at internships to start their careers. Many of these recent developments in the skilling segment is attributed to the government as well as the support received from emergent edtech firms.

The segments

According to reports derived by the Indian Education Forum; maximum hiring has taken place in the Pharma & Healthcare (32%), BSFI segment (27%), Logistics (29%) and software & IT (25%). 

The surge can be explained by each segment depending on another, with technology taking the lead. 

In 75 years, the Indian infrastructure has evolved leaps and bounds. We are now getting on to the global charts and are being named as one of the fastest developing nations in the world and dream of becoming the 'Skill Capital of the Word' with all these efforts.