Academic journal article Indian Social Science Journal

Skill Up Gradation and Employment Opportunity- a Possible Role of Universities in Developing Skills among the Graduates

Academic journal article Indian Social Science Journal

Skill Up Gradation and Employment Opportunity- a Possible Role of Universities in Developing Skills among the Graduates

Article excerpt

INTRODUCTION

The prosperity of any nation is intrinsically linked to its human resources. Human capital is one of the most important assets of a country and a key determinant of a nation's economic performance. An increase in the human development index would lead to high levels of economic growth of the country. Adam Smith (1776) pointed out that a "man educated at the expense of much labour and time may be compared to one of those expensive machines" (Smith) and other classical economists observed that expenditure on education could be regarded as a form of investments that promised future benefits. The strength of a nation is dependent on its intellectual and skillful citizens. It can be observed that education is an essential tool for achieving sustainability. Only a quality future human capital can envision development of its nation to meet the needs of the present without compromising the ability of future generations to meet their own need. Without a quality human capital, a nation will be weak as there is no human factor that is capable to embark on new initiatives and perspectives. A quality human capital comes from a quality education process. A carefully designed and well planned education system is critical to developing such human capital. Thus, institutions of higher learning play a very important role and the teaching and learning processes in institutions of higher learning should provide such knowledge and skills to future graduates.

Literature review

The Higher Education system in India grew rapidly after independence. By 1980, there were 132 universities and, 738 colleges in the country enrolling around 5% of the eligible age group in Higher Education. Today, in terms of enrolment, India is the third largest Higher Education system in the world. Much of the state of Higher Education in the country can be attributed to the system of governance and regulation. Though the enrolment increases but there is Skill shortage remains one of the major constraints to continued growth of the Indian economy. Too many young people in the India fail to gain the basic, employability and lower level skills needed to progress in work. Current employment and skills systems in the India are neither fully integrated, nor sufficiently aligned to labor market needs. Insufficient supply of quality skills is one of the main impediments to further economic growth in India. The twenty-first century workforce has experienced tremendous changes due to advances in technology; consequently, the "old way" of doing things may be effective but not efficient. Entry level college graduates have not acquired the skills necessary for the workforce and, as such, are not prepared for the demands of industry careers (Peddle, 2000). The National Business Education Association (NBEA) stated that the shortage of skills confronting today's dynamic workforce goes beyond academic and hands-on occupational skills. However, the skill shortage is still one of the major constraints in most industries in India (World Bank, 2009b).

Research method

This study was based on the data collected from Journals, articles, books, news papers and web sites. It is purely analytical in nature

Government Initiatives on Skill Development

To develop the required skills among the entry level graduates and bridge the gap between the industry and institute, government has taken initiation in the following ways;

1. National skills policy

The realization of this demographic dividend led to the formulation of the "National Skills Policy" in 2009 which set a target of imparting skills training to 500 million, by 2022. The Prime Minister's National Council on Skill Development is an apex institution for policy direction and review. The Council is at the apex of a three-tier structure and would be concerned with vision setting and laying down core strategies. The Council would be assisted by the National Skill Development Coordination Board chaired by the Deputy Chairman, Planning Commission which will coordinate action for skill development both in the public and the private sector. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.