New Delhi /
The Union Government should take core elements of skill development from various ministries and pool them under single minister with a budget of about Rs 25,000 crore, suggested an ASSOCHAM-Tata Institute of Social Sciences (TISS) joint study.
Despite establishment of a dedicated ministry, many skill development schemes still remain with respective ministries with Union Skill Development and Entrepreneurship Ministry merely being the coordinator, the joint study titled ‘Skills development in India-An overview.
There is an urgent need to realign the skill ecosystem in the country to ensure quality, scalability and sustainability, more so as it is estimated that only 2. 3 per cent of the workforce in India has undergone formal skills training as compared to 52 per cent in US, 68 per cent in the UK, 75 per cent in Germany, 80 per cent in Japan and 96 per cent in South Korea.
The country is facing a paradoxical situation where on the one hand young men and women with higher education entering the labour market are looking for jobs, and on the other hand, industries are complaining of the unavailability of appropriately skilled manpower.