At a time when the World’s leadingeconomies are rapidly greying, India is set to have thelargestand youngest workforce the world has ever seen.Indeed, by 2020, when the global shortage ofmanpower soarsto 57 million, India is expected to be the world’s leadingprovider of human resources, with a surplus of 46 millionworking-age people. However, this window of opportunity willnot just be rare, it will also be short-lived, since it ispredicted to only last until 2040.It is in this context thatPrime Minister Modi has made it a national priority to makeIndia the skill capital of the world.The report endeavors toidentify the institutional and systemic structures that willbe needed to improve the effectiveness of skills trainingacross India’s states. It also seeks to pinpoint innovativebest practices and outline ways to scale them up throughoutthe country.The report covers skill developmentinstitutional structures at the state level (in most cases,the State Skill Development Missions), economic zones andfuture high-growth industries in those zones,corporateengagement in skill development, and finally, innovation inskilling models by states and the corporate sector. Inaddition, the report also describes some best practicesobserved globally, especially from Australia, Germany, Japanand South Korea. These models cover three areas of resourceoptimization pertaining to increasing apprenticeships andindustry participation, leveraging technology, and providingtraining at the grassroots. The key lesson learned is thatskilling is a highly localized issue, and models need to beadapted to target groups rather than be force-fitted using aone-size-fits-all kind of approach. Finally, it must bepointed out that high-level recommendations have beenprovided to enhance the skill development landscape,particularly at the state level, from an institutional andsystemic point of view.
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