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Public–Private Partnership to Meet the Skills Challenges in India

  • Dilip Chenoy
Chapter
Part of the Technical and Vocational Education and Training: Issues, Concerns and Prospects book series (TVET, volume 19)

Abstract

India has one of the youngest populations globally. Statistically, 47.8% of India’s population is below 29 years, increasing to 49.9% in 2021. It is expected that over the next 15 years, 365 million people will be eligible to join the workforce. Skill development initiatives were traditionally led by the government, starting establishment of Industrial Training Institutes and Centres. In 2008, the Prime Minister outlined his vision for skill development of 500 million people by 2022. National Skill Development Corporation, incepted in 2009, is mandated to skill 150 million people by 2022 in 20 focus sectors identified by the government and the informal segment through a three-pronged approach revolving around creating, funding and enabling sustainable skills training initiatives in the private space. Till May 2012, NSDC has approved 49 private sector training providers which between would skill 67 million people in 21 high growth by 2022.

Keywords

Private Sector Skill Development Social Entrepreneur Private Partnership Formal Education System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Abbreviations

AICTE

All India Council for Technical Education

BCG

Boston Consultancy Group

BFSI

Banking and Financial Services Industries

CII

Confederation of Indian Industry

ITI

Industrial Training Institutes

ITC

Industrial Training Centres

MLE

Ministry of Labour and Employment, India

MHRD

Ministry of Human Resource Development, India

MSME

Ministry of Small and Medium Enterprise

NASSCOM

The National Association of Software and Services Companies

NCEUS

National Commission for Enterprises in the Unorganized Sector

NCVT

National Council for Vocational Training

NSDC

National Skill Development Corporation

NSDCB

National Skill Development Corporation Board

NVEQF

National Vocational Education Qualifications Framework

SSC

Sector Skill Council

References

  1. Government of India. (2007). 11th five year plan – 2007–12.Google Scholar
  2. Government of India. (2009, February). National policy on skill development.Google Scholar
  3. Kotak Institutional Equities Report. (2011, July). The great unskilled, game changer. (Vol. II.II).Google Scholar
  4. MHRD. National Sample Survey report no. 439 (June 1995) and no. 505 (January–June 2004).Google Scholar
  5. Ministry of Finance, Government of India. (2011, August). Economic survey 2011–12.Google Scholar
  6. Ministry of Finance, Government of India. (2012, March). Union budget 2012–13.Google Scholar
  7. National Skill Development Corporation (NSDC). (2012). www.nsdcindia.org
  8. State Labour Minister Conference. (2007). Ministry of Labour and Employment, Government of India.Google Scholar

Copyright information

© Asian Development Bank. The book is published with open access at SpringerLink.com 2013

Open Access This chapter is distributed under the terms of the Creative Commons Attribution Non-commercial License which permits any non-commercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited.

Authors and Affiliations

  1. 1.National Skill Development CorporationNew DelhiIndia

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