The education is fundamental to all-round human development. Skills and knowledge are the driving forces of economic growth and social development for any country. Countries with higher and better levels of skills adjust more effectively to the challenges and opportunities of world of work. It is an unique investment for harnessing the country’s demographic dividend. In India, there is a great demand – supply mismatch and it the needs more skilled workforce for the expanding economy. The contemporary focus on skill building or skill development in India is derived from the changing demographic profiles in India.
India, as present, is recognized as one of the youngest nations in the world with over 50% of the population under 30 years. It is estimated that by about 2025, India will have the 25% of the total global workforce. The opportunity to reap the benefits of “demographic dividend” has to be utilized only with the skilled workforce. Evidently, apart from meeting its own demand, India has the potential to become the worldwide hub for outsourcing skilled manpower. The GoI has set-up a target to impart necessary skills to about 500 million people by 2022, in line with the forecast of requirement for skilled manpower in future. For this purpose, the UGC is implementing three schemes viz. Community Colleges, B.Voc Degree Programme, and Deen Dayal Upadhyay Centres for Knowledge Acquisition and Upgradation of Skilled Human Abilities and Livelihood (KAUSHAL).