- India faces a dual challenge: paucity of highly trained workforce and non-employability of educated youth.
- Skill development aims to provide job skills to the youth.
- This enhances their employability.
- It connects the supply of skilled human resources with sectoral demands.
- By providing relevant skills, it helps bridge the skill gap in the labor market.
- This directly contributes to employment generation.
- It also promotes entrepreneurship, leading to wealth and employment creation.