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Title: CRITICAL ASSESSMENT OF COMPETENCIES AND ITS RELATIONSHIP WITH THE WORKFORCE DEVELOPMENT IN INDIA THE PROJECTION FOR INDUSTRY 4 0 IN THE NEXT DECADE
Keywords: National Skill Policy, Surplus Youth, Creation of Jobs, Industry 4.0
Researcher: MATHUR RAJIV
Guide(s): PRIYANKA SRIVASTAVA
Registration Date: 21/12/2015
Abstract: The ever-increasing population bulge has always been a challenge for policy makers in India. As per the current census projections, by 2022, India will become the most populous country in the world with a population at 1.21 Billion and with approximately 50% of this number in the age below 29 years. Thus, making India the youngest country in the world. In this backdrop, National Skills Policy 2015 [1] estimates that by 2020, India will see 47 Million surplus youth who will not have enough employment related competencies to be meaningful employed. Thus, the question constantly grappling the policy makers, at present, is to find workable solutions on creation of jobs, imparting them the required job-related competencies and thus making the youth employable. newline newlineThis emerging demographic situation poses a bigger challenge as the initial reports (BCG -CII on Next Generation Manufacturing at CII 15th Manufacturing Summit 2016) [2] estimate that with advent of Industry 4.0, which has started descending gradually from year 2013, there is huge risk of loss of competencies required at entry level job roles by the automation of Industry 4.0. The report also talks of current entry level job roles with current competency aggregation getting lost and emergence of new job roles with new and re-aligned competency aggregations. newlineHowever, the policy makers, currently in India, at present are totally engrossed in finding workable solutions of the eminent problem of imparting competencies and skills that will make youth employable today and have yet to give their focused mindshare and evaluate the impact on jobs on a systematic timescale mapped to the advent of Industry 4.0. newline newlineThus, if we see the picture holistically, the country may face a double whammy in a very near future a large number of young unemployed Indians keep increasing the population bulge, the competencies of the current entry level jobs on which the youth is being currently trained on being siphoned by Industry 4.0 and as of today the policy makers are unable to make the correct assessment of the competencies that will be required with advent of Industry 4.0 and hence no skill trainings even being planned or even though off in that direction. newline newline
Language: English
Appears in Department:Department of Humanities and Management

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