Phase IFoundation
Background
Overview
Critical for leveraging India's demographic dividend, fostering economic growth, reducing unemployment, promoting social equity, and aligning the workforce with evolving industry needs, particularly in new-age technologies. It directly impacts human capital development and national competitiveness.
India's skill development and entrepreneurship ecosystem aims to equip its large youth population with industry-relevant skills, enhance employability, and foster self-employment, crucial for leveraging the demographic dividend and achieving economic growth. It involves a network of government policies, institutions, private sector participation, and funding mechanisms.