Preeti Maiyani, Gunja Barai
India has set a goal
to become a developed nation by 2047, which will mark 100 years of
independence. This goal depends on having a skilled and ready workforce. Skill
development is extremely important for India's economy, independence, and
ability to compete on a global scale. This article looks at how skill
development impacts the Indian workforce and their ability to meet the demands
of Industry 4.0. In order to be successful in this era, India needs to close
the skills gap and increase its global competitiveness. The document looks at
the challenges, benefits, and strategies for skill development, drawing from
examples in Germany, Japan, and South Korea and using both qualitative and
quantitative methods. The study identifies areas for improvement, including
flexible curricula, digital literacy programs, and partnerships between the
public and private sectors. Immediate action is necessary to address the skills
gap and promote economic growth. India can create a skilled and adaptable
workforce by implementing the recommended measures, leading to sustainable
growth and economic success that will give the country an advantage on the
global stage. Skill development needs to adapt to the changing global economy
as India progresses towards its goals for 2047. A comprehensive plan is
proposed for transforming the skill development system in an advanced India.
Skill Development,
Workforce Readiness, Digital Literacy, Global Competitiveness, Public-Private
Partnerships, Sustainable Growth, Technological Advancements
VOL.16, ISSUE No.3, September 2024