One highly effective solution would be to bring together the best training organizations and platforms and the nodal skilling organizations to create programs focused on high demand vocational areas catalyzed by a mix of philanthropic and risk capital.
The phrase ‘demographic dividend’ has an uplifting and alliterative ring to it. That probably explains its popularity in India in the last decade or so.
The demographic dividend is defined as the boost in economic productivity that occurs when the number of people in the workforce, or aged between 15 and 64, outstrips the number of dependents or those below 14 and above 65.
India is smack in the middle of a 37-year-long period of demographic dividend. Nearly 12 million young Indians enter the workforce every year; by 2027, India would have the world’s largest workforce; at 80 million, India has the largest pool of university graduates on the planet; India produces more women graduates in science, technology, engineering and mathematics (STEM) than anywhere else. With this kind of human capital and demographic dividend at its disposal, India ought to blaze a trail of unprecedented economic growth.
Read full aricle at:
http://bwpeople.businessworld.in/article/The-Difference-Between-Demographic-Dividend-and-Nightmare-Is-Skilling/15-07-2020-297711/
