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19 Sep 2024 21:40

Leadership Perspectives

India at the Crossroads: Skilling the Youth for a Competitive Future – Gaurav Bhagat, Founder, Gaurav Bhagat Academy

India, a nation that boasts the world’s largest youth population, stands at a crossroads of immense potential and pressing challenges. Every time I look at the sheer number of young people—over 50% of our population under the age of 25—I see a country brimming with talent and opportunity. But as exciting as this is, there’s an underlying issue we can’t ignore.

According to a 2024 study by the National Skill Development Corporation (NSDC), the skill gaps in high-demand sectors like information technology, healthcare, manufacturing, agriculture, and renewable energy are glaring. It’s clear that the need for skill, up-skill, and right-skill programs is more urgent than ever, and it must start in schools.

The Skill Gap: A Persistent Challenge

Despite India’s impressive strides in education, the reality on the ground is sobering. The skill gap continues to be a major obstacle, especially when it comes to employment and economic growth. The India Skills Report 2024 reveals that only 49% of Indian youth are employable. Just imagine: almost half of our young population is not ready for the workforce. And it doesn’t stop there. When a leading Indian engineering and construction firm advertised for freshers in 2022, they received over 75,000 applications but could extend offer letters to only 1,500 candidates. Even those selected had to go through a year-long induction training program to become job-ready. This training cost the company over ₹100 crore in just a couple of years!

According to TeamLease, India has over 500 million people in the working-age bracket, but one out of every two individuals is not employable due to the existing skill gap. This mismatch between academic qualifications and industry demands is one of the biggest reasons for the supply and demand imbalance in our job market. As someone who has seen the immense potential of our youth, this gap feels like a missed opportunity for both individuals and the nation.

NEP 2020: A Step Toward Transformation

Thankfully, initiatives like the National Education Policy (NEP) 2020 are working to change the narrative. The policy recognizes the critical need for skill development and introduces vocational training from as early as Class 6. This forward-thinking approach ensures that by the time students leave school, they not only have academic knowledge but practical skills, too. In fact, one of the highlights of NEP 2020 is its focus on industry collaboration, ensuring courses are relevant to market demands. I’ve personally seen how this can bridge the gap between what we teach and what the industry needs.

But it’s not just about hard skills like coding or engineering. NEP emphasizes the importance of soft skills such as communication, teamwork, and resilience—skills that are crucial in every field, from healthcare to corporate environments. In my view, this focus on ‘life skills’ is what will set India apart. Soft skills are often the invisible force behind every successful company, shaping how businesses hire, manage teams, and build client relationships.

Other Initiatives: Skilling from the Ground Up

Let’s be honest: our traditional education system, while good at imparting knowledge, often falls short when it comes to practical skills. We need to shift our focus from grades to real-world skills. Every child has unique interests and talents, but how often do we see these being nurtured in schools? Personally, I’ve witnessed how a lack of early skill development limits young people’s ability to thrive in the real world.

Schools should be the breeding ground for creativity and practical learning, offering opportunities in sports, arts, science experiments, coding, and music, to name a few. Such activities not only help the active students reach their full potential but also bring out the hidden talents in quieter students. Building a culture of learning from a young age instills lifelong curiosity and equips students with essential skills for the world beyond the classroom.

Conclusion: The Path Forward

The future of India is intricately linked to the future of its youth. By ignoring the skill gap, we risk missing out on our goal of becoming a $5 trillion economy by 2025. The consequences could include revenue loss, lower productivity, and delays in product launches—all of which would make us lose ground to global competitors. However, the solution is clear. By equipping our youth with the necessary skills, we can unlock India’s immense potential, drive economic growth, and create a more equitable society.

But this isn’t a one-sided effort. The government, industries, and academic institutions must work together to ensure these skills programs are not just implemented but also adapted to the fast-changing world of technology and innovation. As I look at the road ahead, I’m filled with hope. India’s youth have the drive, energy, and ambition to shape the future; all they need is the right skills to do so.

 

 

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