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Education and Skill Development Should Go Hand In Hand, Says Entrepreneurs On 2nd World Youth Skills Day

Over 1 million Indian youth are entering the labor market every month. About 10% are educated with job-worthy skills, 60% are educated but unskilled, and 30% are both uneducated and unskilled.

Prime Minister Narendra Modi on 15 th July 2015 launched his pet project Skill India Campaign in New Delhi on the occasion of the first ever World Youth Skills Day which included the launch of the National Skill Development Mission and unveiling of the new National Policy for Skill Development and Entrepreneurship 2015.

According to his speech “ India's youth is not happy simply asking for things. He or she wants to live with pride and dignity. I believe Indian youth has immense talent, they just want opportunities”.

He further added "This mission is not limited to skill, we have linked entrepreneurship to it,".

The various initiatives under this campaign are :-

National Skill Development Mission
National Policy for Skill Development and Entrepreneurship, 2015
Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
Skill Loan scheme

Its has been compiled by the various experts that india will have a surplus manpower of 4-5 Cr .

Now it's the second time that Youth Skills Day have been observed by India.

Many of the entrepreneurs have showed interest by sharing their views and quotes on Skills Development to Improve Youth Employment.

Mr. Guruvayurappan PV, Vice President & Head- Human Resource, Omega Healthcare

As per World Bank reports, the global unemployment figure for 2015 stood at 197.1 million and is forecasted to rise by about 2.3 per cent through 2016. It is in view of this that the World Youth Skills Day – 2016, is focused on “Skills Development to Improve Youth Employment.”

High unemployment numbers are attributed to lack of access to right education and necessary skills. These two factors also determine a country’s productivity as well as ability to adapt to the changing industrial environment. In India, the launch of the Skill India Campaign is an important milestone towards achieving the objective of skilling with Speed, Scale and Standards across the country.

The campaign was initiated with an objective to create opportunities, space and scope for the development of talent of Indian youth apart from developing various sectors.

Omega Medical Coding Academy was started with a similar objective. The academy, a sister concern of Omega Healthcare, primarily caters to medical, paramedical and life sciences graduates and post graduates. In a matter of just 20 months the academy has successfully trained 2,000 candidates and looks at certifying another 4,500 more over the next 3 years. Keeping in mind the multifarious socio-economic backgrounds our candidates come from, we not only train them to be certified medical coders but also equip them with the necessary employability skills.

It fills us with immense pleasure and pride to have placed for 1,700 of our candidates and be a part of their success story. At Omega Healthcare, we believe in imparting the best of training and skill sets to our people and create more work opportunities as well.

Lovleen Bhatia, Co-founder and CEO, Edureka

“Skills development is paramount to the success of nations. With Indian urban youth having 93% greater chance of acquiring training than rural area, developing a systematic, qualitative education and training pathway posses a huge pressure upon govt. Population size; hierarchical nature of labour market and society; economical difference, are entangling youth skilling.

Fortunately, technology has enabled learning on differentiated online live platforms possible, boosting skilling process for young India. Modi’s emphasis on digital medium and the phenomenal growth of e-learning start-ups exhibit so.

Online platform can prepare a whole generation of industry-ready workforce on a faster and effective route.

Edureka founded to abridge skills-gap issue, have up-skilled over 2,50,000 global learners across cloud,big data, mobile domains and aims to reach over a million learners within next 3 years.”

Subrata Ghosh, Founder & CEO of Redstone Learning, a global professional learning company

“Over 1 million Indian youth are entering the labor market every month. About 10% are educated with job-worthy skills, 60% are educated but unskilled, and 30% are both uneducated and unskilled.

The educated and skilled are at an advantage with enough job opportunities and they can take care of themselves.

For the educated yet unskilled – an outcome of the legacy of promoting tertiary education instead of vocational skills – job focused skilling is the urgent need of the hour. And for the uneducated and unskilled, a situation that is borne out of a disadvantaged childhood, the need is to invest in both job skilling and ongoing part-time education. This will give them a real shot at economic opportunity, and can make India’s demographic dividend a reality.”

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