Colleges and institutes are redefining their educational modules to introducing technology-driven educational platforms. India has stepped ahead towards building the largest set of skilled professionals by integrating education and vocational skilling. Such new education policies address the shifting dynamics in the education industry and cater to the needs of the entire population and at the same time fill the demand and supply gap of skill-based learning in the industry. Intending to create holistic development of education in the country, the Ministry of Human Resource Development, in 2018 introduced the Samagra Siksha scheme. Moreover, the industry has experienced 18 mergers with acquisition deals up to US$ 49 million in 2017. The government of India has permitted 100% Foreign Direct Investment in the education industry which as a result have received an inflow of US$ 2.47 up to March 2019. The Indian education sector has undergone an extreme change in the last couple of years and a lot of new interventions and aids have been a part of this segment. These programs are to be run either under state or central government schemes or in private colleges to make students job-ready. Upgraded technology and numerous initiatives to promote skill upgradation amongst aspirants are playing an instrumental role in bridging this gap.Īccording to the Ministry of Skills and Entrepreneurship Development (MSED), 20 ministries have implemented 40 skill development programs to train 50 lakh students annually on vocational skill courses.
Skill-gap is a crucial factor to increase unemployment which can be fixed by switching from conventional to skill-based teaching methods. Millions of students are graduates but very few are employed.
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