Skills Training and Workforce Development with Reference to Underemployment and Migration
South Asia, particularly India, is poised to maintain high economic growth and is expected to reach by 2050 an income level that Europe is enjoying currently. South Asia needs to seize the opportunity provided by a growing youth population that needs to be converted into highly skilled and productive labor force. However, a binding constraint is inadequate education and training of the population. To sustain high economic growth and avoid falling in the middle-income trap, South Asia needs to invest heavily in education and particularly skills development to complement its large and growing investments in infrastructure. Skills training will require strengthening the skills ecosystem. In the long run, it is crucial to invest in lifelong learning to ensure synergy between formal education for soft skills and training that provides vocational skills to meet the emerging labor market needs. South Asia needs to learn from each other and also draw on global best practices to create more and better jobs.
KeywordsLabor Market Labor Force Skill Training Migrant Worker Skill Development
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