India has set aggressive goals of faster, more inclusive and sustainable economic growth to become a high performance nation. But a large part of its working-age population is unable to productively engage with sectors identified to drive the nation’s future growth. The reason? Lack of market-desired skills.
The injection of private capital and entrepreneurship is helping to solve two key chronic deficits faced by the vocational education training (VET) ecosystem: the first associated with poor quality training and physical infrastructure and the second associated with a paucity of job offers.
But to address the ambitious national target of productively engaging 500 million skilled youth by 2022, the training ecosystem needs to address an emerging problem of drop outs – VET-trainees who do not accept job offers or quit jobs due to job profile, job environment or pay scale.
Drawing on the best from the international experience and local best practices, we have developed a five-step action plan customized to the Indian reality. This comprehensive plan aims at eliminating expectations-delivery mismatches across the training value chain and reducing the probability of trainee drop-out. This plan will help create a better environment for trainees to pursue vocational careers and the nation to achieve faster, inclusive and sustainable growth.
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