Pradhan Mantri Kaushal Vikas Vojana: Challenges and opportunities
Indian population crossed 121 Crore numbers and world’s second largest populated country. Structural changes in the Indian economy have precipitated changes in the patterns of demand for industrial labour. Recent trends in the composition of employment indicate that the Indian workforce is migrating from the agriculture sector to the industry-and-services sectors. India is uniquely positioned in world due to demographic dividend as compared to developed countries whose population is aging. India’s 65% of the population is below 35 years of age and 70% of the population will be of working age by 2025. High population if employed, trained and productive can easily capitalize the advantage of demographic dividend and lead to sustainable development but same high unemployed, untrained and unproductive population can even turn demographic dividend into demographic liability. India has one of the youngest populations in the world, a trend that is expected to continue until 2040. However, India's labour productivity is much lower than that of other Asian economies. A structural shift towards higher-productivity sectors requires up-skilling of the labour force in order to ensure the country’s inclusive economic growth. Skill development has emerged as a national priority and a number of skill-training initiatives have been undertaken over the last few years. The present study is based on secondary data with regard of impact of KAUSHAL VIKAS YOJANA. An attempt has been made to know what are the hurdles which Indian workforce/ students face to achieve skill development at all fronts.