Article link: India among most ready-to-recruit markets for in-demand skills: Study - The Economic Times
Extract from the article:
The article highlights India's ranking as 25th globally in preparing its job market for future skills like AI, digital, and green technologies. It mentions the importance of aligning skill development with industry demands to ensure a competent workforce.
Despite a growing emphasis on skill development, challenges persist in meeting the demand for skilled professionals.
In India, the focus on apprenticeship and upskilling initiatives is crucial to bridge the gap between job market requirements and available talent.
The need to enhance collaboration between industry associations, government, and educational institutions is emphasized to boost skill development efforts.
This study underscores the significance of proactive measures to equip the workforce with the necessary skills to thrive in a rapidly evolving job market landscape.
My Take:
Reflecting on the declining employability of Indian youth due to a lack of adequate skilling, the current scenario underscores the urgency to address the mismatch between skill development programs and industry needs.
The call for third-party involvement in scaling up apprenticeships aligns with the idea of collaborative efforts to enhance workforce readiness.
Emphasizing apprenticeship training as a successful model resonates with the importance of practical, on-the-job training for cultivating industry-ready professionals.
Predicting Skills Requirements
The mention of predicting skills requirements by leaders underscores the need for foresight in aligning skill development initiatives with market demands.
Narendra Modi's call for an online platform to identify in-demand skills echoes the importance of leveraging technology to bridge the skills gap. By anticipating and responding to changing skill requirements, organizations and governments can proactively shape a future-ready workforce.
Call to Action:
To the Indian government and industry associations, collaborate closely to design comprehensive skill development programs that address the evolving needs of the job market.
Prioritize initiatives that promote apprenticeships and upskilling to equip the workforce with the required competencies. Let's work together to ensure India's position as a global leader in nurturing talent for the future.
With regards,
Hemen Parekh
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