Transforming Profusion of Capable Human Capital in Knowledge Based Economy through Skill Development Initiatives in India

Abstract

India is a country with major represent youths. As far the economic development of our country is concerned, India is still lagging behind due to various problems like poverty, unemployment, illiteracy, medical infrastructure etc. Youth plays a crucial role in achieving economic prosperity of the country. In the present scenario, it is found that most of the youth being educated are facing severe unemployment problem due to lack of skills and technical knowledge. Most of them are unaware of the developments taking place in the modern world. With the constantly rising influence of globalization, India has immense opportunities to establish its distinctive position in the world due to its young work force. If Youth of India given an opportunity to show their mental through educating them in some skills, it will deciding progress. Skills and knowledge are key drivers of macro economic growth and socio-economic stability. Skill Development can be defined as proficiency that is acquired or developed through training or experience.This study discusses about the skills imparted through educational programme and requirement of additional sector specific courses. Hence the paper will highlight the needs, challenges and scope of the skill development programmes.