India sets target of training 500 million skilled workers by 2022

The Government of India, after taking into account the existing vocational training facilities and realistic demand for skilled workers in the country, has introduced a new Skills Policy.

The aim of the Policy is to achieve rapid and inclusive growth through enhancing individuals’ employment prospects and ability to adapt to changing technologies and labour market demands, improving productivity and living standards of workers and strengthening global competitiveness of the country.

It is expected that the ageing population phenomenon will globally create a skilled manpower shortage of approximately 56.5 million by 2020 and if skill development schemes of India succeed we would have a skilled manpower surplus of about 47 million by this time. India has set a target of creating 500 million skilled workers by 2022.
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