CHAPTER 1: THE INDIAN EMPLOYMENT MARKET The skill level and educational attainment of the workforce determines the productivity as well as the ability to adapt to the changing industrial environment. A majority of Indian workforce does not possess marketable skills which is an incumbrance in lay downting decent employment and improving their scotch condition. While India has large young population, only 5% of the Indian labour force in the age group of 20-24 age has obtained vocational skills through formal means whereas the percentage in industrialized countries varies between 60% and 96%. About 63% of the cultivate students drop out at different stages onwards reaching Class-X. Only virtually 2.5 million vocational information seats are operational in the country whereas about 12.8 million persons enter the labour market every year. rase out of these training places, very few are available for early school dropouts. Thus a large bout of school drop outs do not have door to skill development for improving their employability. The educational entry requirements and spacious duration of courses of the formal training system are well-nigh of the impediments for a person of low educational attainment to convey skills for his livelihood.
Further, the largest share of impertinent jobs in India is likely to come from the unorganised sector that employs up to 93 per cent of the national workforce, tho most of the training programmes cater to the needs of the organized sector. Honble minister of Finance during the budget speech 2005-06 made the announcement: To satisfy the demand for specific skills of a high order, a unexclusive Private Partnership between Government and Industry is proposed to get on skills development programmes รข€¦. Accordingly, Ministry of Labour & Employment undertook development of a new strategic framework for skill development for early school leavers and existing workers, especially in the unorganized sector in close consultation with industry, micro enterprises in the... If you want to get a full essay, order it on our website:
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