Such a delightful 7th Highest education summit was held at Le Meridian conducted by Indian Education Network.
Our Director Mr. Apar Jain(Panelist) had a powerful discussion about Integration of Skill Development in Higher Education along with other panelists like Major Gen. Manik Sabharwal, CEO(Domestic Workers Sector Skill Council), Cdr Jagmohan S Bhogal (Retd), CEO(Fairwinds), Dr. Madaswamy Moni : Former Director General at National Informatics Centre, D r. Urvashi Makkar, Director General(G.L. Bajaj Institute of Technology and Management), Dr. Priya Mary Mathew: CEO( Eukaria: Raising A New Generation).
Mr. Apar Jain touched on topics like how skill development can change the face of the country and grow its economy. And why skill development is the future of employment.
Numerous government-funded reports have reported that around 64% of India’s population is expected to be In working age(15-59) group by 2026.
A professional service consultancy, E&Y has reported that India is expected to have the largest workforce in the world by 2025 with around 2 billion English speaking people by the end of 2020.
The world is expected to face a shortage of 56.5 million skilled workers, while India is projected to have a surplus of 47 million, Indian government statistics say, by the end of 2020.
However, around 30% of Indian youth are neither employed nor in any form of education or training which can turn into a socio-economic disaster if not handled before it’s too late.
If you look at other countries with a skilled workforce of 52 % in the US, 68% in the UK, 75% in Germany, 80% in Japan and 96% in South Korea. India has as low as 4.69% skilled workforce.
Looking at the stats, the Government of India is seeking to boost the skill sector of India which plays a major role in the service sector in country’s economy through make in India initiative.
To make it a reality, on world youth skill day, July 15, 2015, Prime Minister Narendra Modi launched the skill India program with a goal to up-skill 402 million people by the year 2022.
This aligns with Apar India’s initiative of skill India as we are working hard for the skill India initiative to make the workforce of our country skilled through PMKVY and many other skill programs.
In this event, many thought leaders expressed their vision and how we can achieve it. It was a productive event with full of visionaries.