India is one of the fastest growing economies in the world. It also boasts of low-cost, high quality and young manpower. Yet, the Indian workforce is lamenting over the lack of jobs. And, the situation for the job market in India may only get bleaker.
Many industries are struggling to fill jobs on a global basis. In tough economic times with high unemployment and loss of jobs, it is challenging to focus on workforce skill development. But if we see things differently, there is no better time to focus on this serious issue of skill development than now. It is not just individual organizations or sectors that are feeling the consequences of skill gap, the entire nation pays a heavy price when they cannot find or equip their workforce with the right skills and prepare them for critical jobs.