New Delhi, Dec 15 (KNN) 93% of India’s workers work in the unorganised sector and acquire skills through informal channels and lack formal certification, revealed the Ministry of Skill Development and Entrepreneurship (MSDE) in its Year End Review.
 
As many as 54% of India’s population is below 25 years of age and over 62% of the population is the working-age group. Yet, only 4.69% of the Indian population has undergone formal skills training, the report said.
 
In the Key Achievements and Success Stories in 2015, MSDE said, “A combination of demographic, economic and social factors makes skill development an urgent policy priority for India.”
 
“The challenge is immense,” it added.
 
The report highlighted that by 2025; almost 1 in 5 of the world’s working age population (18.3%) will be Indian.
 
Recent skill gap reports suggest that over 109 million incremental human resources will be required in India alone, across 24 key sectors by the year 2022.
The report also highlighted the various steps taken by the government to bridge the skill gap. (KNN Bureau)