Skills are components that enhance the individual abilities and let them be attuned to the industries’ practical requirements effi ciently. The launch of the Skill Mission by the NDA Government aimed at scaling up skill training efforts to meet the demands of employers and drive economic growth. Large sections of the educated workforce have little or no job skills, making them largely unemployable. Therefore, the nation has a very narrow time frame to harness its demographic dividend and to overcome its skill shortages. Keeping view of this impending issue of how to execute this important part of skill learning, Elets Technomedia Pvt Ltd has taken upon on itself to engage players of the sector in a suitable platform called as the World Education Summit 2015. The two-day expo-cum-conference saw academicians, educational experts, policymakers and corporates from across the globe engage in deliberations on how to build an optimum resource of skill development in the education sector
India currently faces a severe shortage of well-trained, skilled workers. It is estimated that only 2.3 per cent of the workforce in India has undergone formal skill training as compared to 68 per cent in the UK, 75 per cent in Germany, 52 per cent in the USA, 80 per cent in Japan and 96 per cent in South Korea
More than 54 per cent of the country’s population is below the age of 25, allowing it with an opportunity to provide a skilled workforce to fill the expected shortfall in the ageing developed world
The country’s population pyramid is expected to bulge across the 15–59 age group over the next decade. This demographic advantage is predicted to last only until 2040
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