A STUDY ON THE IMPACT OF SKILL DEVELOPMENT IN INDIAN YOUTH

Abstract

As the second-most populous nation in the world, India has a population of more than 138 million people. Indian labour is moving away from the farming sector and toward the industry and services sectors, as evidenced by recent shifts in job structure. India is remarkable internationally, because of the segment profit Contrasted with created nations with the maturing populace. Sixty-five percent of India's workforce is under the age of 35, and by 2025, seventy percent of the population will be employed. The value of the demographic dividend will effectively rise as a result of a large population that is educated, qualified, and productive, resulting in sustainable development. On July 15, 2015, Prime Minister Narendra Modi unveiled a training program for India. By 2022, the program aims to educate approximately forty lakh trainees in India with various luminaries. For the past four years, this ground-breaking program has been providing young people with realistic, industry-relevant, and skills-based training. At the outset, it is essential to investigate how the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) will assist individuals in combining these skills and finding employment. This is a huge problem because studies showed that only 25% of Indian graduates are "employable" in the organized sector, according to employers. Our government prioritizes Skill Development as one of its pillars with the intention of creating opportunities for the development of our youth's technical expertise and aptitude.

Keywords:  PMKVY, Skill India, Unskilled Youth, Entrepreneurship Development