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Vol. 5, November  Issue 11

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SKILL DEVELOPMENT STRATEGY AND EMPLOYABILITY OFWORKFORCE IN INDIA (MAKE IN INDIA MOVEMENT)

Abstract

Abstract:The Make in India initiative announcedofficially in 25th September 2014, in Vigyan Bhawan, New Delhi,   by our the 15th Prime Minister of India, Mr. Narendra Damodar DasModi, “Make  in  India” initiative striving  to the proposal of project  of India as  the manufacturing  center which  will powerful instrumentof    economic development and growth ofIndia. it objectives to alleviate investment, encourage the invention, heightenskill development, shelter intellectual property and physique preeminent inclass manufacturing infrastructure and transform India into a manufacturing hubof the international level. It is one of the growth orientate and recentlylaunched  initiative which must beobserve the numerous issues  that would  be influenced in its apposite enactment,entailment and sustainability of Make in  India  initiative. Proper implementation of thisinitiative which encourages the foreign & domestic Industries to manufacturingin India results employment opportunity is generating in huge capacity. Thenthere is requirement to attain skill and knowledge by the Indian labour andforthcoming employees to benefit employability.

Thus research paper studythe employability and background for skill development by the effect of Make inIndia. It is significant to emphasis on the skills development programme which fulfils the Industry prerequisite by providing anappropriate Indian labour force to them. In present scenario it gain skillrequisite by receiving formal training only 10% of the workforce. Only 4.3million of workforces are truly receiving formal training but actual industrialtraining prerequisite of the 22 million workforces. “Make in India” projectwill create a new job opportunities still there will be greater requirement ofskilled labour force. But there is a huge skill gap found due to demand andsupply is mismatch in Indian economy.  Tolessened down the skill gap between the existing skills and anticipated skillsthrough the successful execution of “Make in India” initiative along with thevarious skill development initiatives. The main purpose of the paper to observethe long term prospective in terms of Skill Development, employment and Incomelevels of Indian Workforce trough Make in India initiative.

Keywords Make inIndia, Skill Development, Employability, Skill Gap, Labour force.

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