In the year 2022, the Union Skill Development and Entrepreneurship Minister inaugurated the 13th Federation of India Chambers of Commerce and Industry (FICCI) Global Skills Summit 2022 with a view and motive to increase education and employability in India.
In the year 2008, the National Skill Development Corporation was incorporated to enhance the scope of employment in the youth by imparting skills and increasing employability. The main aim of the mission is also to empower youth at an international level through the medium of knowledge and practical training in diverse fields so that India’s competitiveness at the global level can also be enhanced.
Several boards and councils, including the Prime Minister’s National Council on Skill Development, National Skill Development Co-ordination Board, and National Skill Development Corporation, among other formal bodies, have been established with the primary objective of harnessing India's biggest asset - its youth - and transforming it into a source of strength for the nation’s overall development and global standing.
Various short-term courses are available under flagship schemes like Pradhan Mantri Kaushal Vikas Yojana to upskill the youth and increase their employability. Additionally, the Companies Act, 2013 mandates corporate social responsibility spending in skilling, ensuring companies and corporations invest in workforce training.
The primary focus of the government is also to enable the youth to venture into the areas of self-employment, entrepreneurship, and other job-creating sectors wherein the identity of the youth is transformed from a job seeker to an employer. There has also been a deep emphasis on developing proper infrastructure and medium from where trainees can acquire vocational skills and get certified to have a credible backing to their skills which can further be used in both the organized and unorganized sectors.
The National Skill Development Plan has also identified sectors where the skill requirements are high but the institutions or ministries providing training for such skills are low. To bridge the gap, the plan has also inculcated such industries in its ambit and decided to work towards bridging the gap. Moreover, a focus has also been laid on the rural and backward areas for providing skills to the youth to increase the employment rate and reduce poverty.