Lack of vocational colleges
While we continue celebrating India’s econo
mic resurgence, what oft en gets ignored is the question, whether our future workforce would be skilled enough to tap global opportunities. The widening gap in skills, signals the tremors of coming ‘jobless’ nature of the economy. As per the World Bank, the growth in employment in the formal sector is merely 0.6% while in the informal sector it is 1.1% annually. The crucial fact that needs attention is that over 93% of India’s total workforce is involved in informal sector. Consider this: India has only 5,100 Industrial Training Institutes and 1,745 polytechnics colleges and its vocational colleges has 171 low quality specific skill or subjects while more than 1,500 highly skill subjects are covered in similar colleges worldwide. Add to it, the outdated syllabus and license raj like centralised control system. While a globalised environment would exponentially increase job opportunities in the informal sector, it is to be seen whether our polity has the vision to frame policies for tapping such opportunities by qualitative & quantitative enhancement of vocational training system.
For Complete IIPM Article, Click on IIPM Article
While we continue celebrating India’s econo
mic resurgence, what oft en gets ignored is the question, whether our future workforce would be skilled enough to tap global opportunities. The widening gap in skills, signals the tremors of coming ‘jobless’ nature of the economy. As per the World Bank, the growth in employment in the formal sector is merely 0.6% while in the informal sector it is 1.1% annually. The crucial fact that needs attention is that over 93% of India’s total workforce is involved in informal sector. Consider this: India has only 5,100 Industrial Training Institutes and 1,745 polytechnics colleges and its vocational colleges has 171 low quality specific skill or subjects while more than 1,500 highly skill subjects are covered in similar colleges worldwide. Add to it, the outdated syllabus and license raj like centralised control system. While a globalised environment would exponentially increase job opportunities in the informal sector, it is to be seen whether our polity has the vision to frame policies for tapping such opportunities by qualitative & quantitative enhancement of vocational training system.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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