India is a country with one of the largest youth population in the world. More than 62% of the population is in the working age group. According to some estimates, around 250 million people would be joining the workforce in the next decade. This will greatly enhance the degree of competition, which would eventually lead to, as Darwin said, “Survival of the Fittest”. Employees would be required to have more and better skills than they originally need to survive. Not only this, globalisation too has played a major role in reflecting the need for a better, skilled workforce, both for the developed and developing nations. It has also been observed that nations with highly skilled human capital tend to have higher GDP and per capita income levels and they adjust more effectively to the challenges and opportunities of the world of work and jobs. Against this backdrop, India is driving unique initiatives to convert its demographic potential into a dividend that will fuel the countr...
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