With twin focus on jobs and growth, Prime Minister Narendra Modi seems intent on placing renewed emphasis on skill development in the services and manufacturing sectors under ‘Skilled India’ Mission slogan, There is no doubt that India needs to equip its youth with greater work skills. The skill set of India’s youth have to necessarily match that of the world’s best.
As at present, India’s mostly semi-literate workforce without the requisite marketable skills in a globalized world. there is a huge gap to fill in to become superpower, Otherwise the Boon tag of ‘World’s youngest Nation’ will may become The Bane. here are the sector wise analysis to understand the real scenario
The auto industry in India is expected to grow from Rs 1, 91,000 crores to Rs 8,03,900 crores in 2022 at a CAGR of 11.7% and Manpower requirement is expected to increase from 1.3 crore to 4.8 crore in 2022 ,which is approximately 4 times larger than current size but there is a huge skill gap in current work force .
To meet 2022 expectation of skill man power need to provide training at various levels is necessary and 65-73 % workforce Require Skill Development/ITI or equivalent certification online
The construction industry in India is expected to grow from Rs. 2,26,300 crores to Rs. 7,92,500 crores in 2022 at a CAGR of 9.4% and Manpower requirement is expected to increase from 3.6 crore to 8.3 crore in 2022 but Inadequate knowledge and training of construction specific areas , India is falling far behind the demand .
To overcome this skill manpower deficiencies 80-81% of total workforce which is be required by 2022 in construction industry , and should be trained with skills like Carpenters , Bar Benders , Masons, Plumber, Foremen, Electricians, Welders etc
Cement Production is expected, grow at a CAGR of 8%, Steel Production is expected growing at a CAGR of 8%, Construction Equipments The industry is expected to grow from Rs 13,800 crores to 1,33,400 crores by 2022, at a CAGR of 17.6% and Overall Employment in this sector would increase from 11.4 Lakhs to 25.0 Lakhs in 2022 .
To fulfill the skill manpower requirement appx 35-40 % of total required manpower has to be trained short/modular training and 40-45% with knowledge of complex operations and machinery and skills of supervision, Appx 5 Lakhs skill Manpower requirement by 2022
The pharmaceutical industry is expected to grow from Rs.86,900 crores to Rs. 5,66,000 crores by 2022, at a CAGR of 14.3%
The chemical industry is expected to grow from production capacity of 77 lakhs MT to 126 lakh MT in 2022
And Manpower requirement is expected to increase from 16.7 lakhs to 35.5 lakhs by 2022 .
More than 20-25% of total required work force should be able to understand basic & short modular training , where next 25-30% are required to have knowledge of complex operations, machinery and supervision skills by 2022 appx . 4.7 Lakhs skill manpower required in this sector
The Electronics and IT Hardware industry is expected to grow from Rs 84,400 crores to Rs 7,52,000Crores in 2022, at a CAGR of 17% and Manpower requirement is expected to increase from 9.1 lakhs to 41.3 Lakhs by 2022 and
Out of total required manpower 19-21% should only be trained by basic and small modular sectorial training and 25-27% required to have knowledge of complex operations and machinery, skills of supervision and Diploma/ITI or equivalent certification in this sector alone required 11 Lakhs, Skill manpower by 2022,
The food processing industry is expected to grow from Rs.3,62,200 crores to over Rs. 15,63,800 crores by 2022, at a CAGR of about 11% and the Manpower requirement is expected to increase from 85 lakhs to 1.78 crore by 2022
And 80-81% of total required Manpower only need a basic training of 3-4 month in the Bread and bakery, Meat and poultry processing, Dairy products, Alcoholic beverages, Food grain milling, Food and vegetable processing ,Aerated water/ soft drinks ,Fish processing and appx. 74 Lakhs additional Skill Manpower required by 2022
Furniture industry is expected to grow from Rs. 59,400 crores to about Rs. 3,22,300 crores by 2022 at a CAGR of 13%. Manpower requirement for Furnishing industry is expected to increase from 10.7 lakhs to 25.3 lakhs by 2022
Furnishing Industry is expected to reach Rs. 1,36,000 crores by 2022 from 24,572 crores , growing at a CAGR of about 13% And Manpower requirement for Furniture industry is expected to increase from 3.8 lakhs to 12.7 lakhs by 2022.
And 80% of total required workforce needs only short/modular and focused training and appx 27 Lakhs such skilled workforce required by 2022 in this sector
The gems & jewellery industry is expected to grow from Rs 1,546 Crores to Rs 6,108 Crores in 2022, at a CAGR of 10.3 % . Manpower requirement is expected to increase from 33 lakhs to 79.4 lakhs by 2022 but there is a huge Skill Gap in available manpower like Lacking of basic knowledge of maths and science – geometry of a diamond
Technical understanding of 4Cs’ (Cut, Clarity, Colour and Carat) ,inability to take reading from machines and use microscope to carry out detail observations on diamond ,Stable hand to be able to hold and polish a diamond and 74-75% of total Required workforce need only basic Skill Development training and requirements for manpower would be around additional 34 Lakhs by 2022
Indian leather industry is projected to increase from Rs. 25,700 crores to Rs 1,03,600 Crores by 2022, at a CAGR of 10.5% .Manpower requirement is expected to increase from 25 lakhs to 71.4 lakhs by 2022 ,
Appx. 88.5-89.5% of total required manpower has to be trained only by small/ Modular .Training program and requirements of such skilled manpower will be 39 Lakhs by 2022
The organised retail industry is expected to grow from Rs. 96,500 crore to Rs 17,36,000 crores in 2022, at a CAGR of 22.9% ,Manpower requirement would increase from 28.4 lakhs to 1.76 crore by 2022
but huge Skill Gap lies in current manpower like Inadequate knowledge of processing software transactions and managing cash ,Inadequate product specific knowledge and Lack of soft skills to interact With customers And appx 65 % of total required Manpower needs training program and 138 Lakhs such manpower required by 2022
The Textile and Clothing industry is expected to grow from Rs 1, 88,300 crores to Rs 6,73,300 crores in 2022, at a CAGR of 9.5 % .Overall employment in the sector would increase from 3.5 crore to 6.2 crore by 2022
The market size of the healthcare industry in India is about Rs. 2, 93,555 crore . Manpower requirement is expected to increase from 31 lakhs to 1.6 crore by 2022 , although this sector
has very less requirement of trained manpower with short term Program only 3-5 % but still there is a huge deficit of skilled manpower
The tourism industry is expected to grow from Rs.3.91 lakhs crores to about Rs.21 lakhs crores by 2022, at a CAGR of 13% . It is expected that the manpower requirement would increase from the 35 lakhs to about 71 lakhs by 2022 ,
And in the country like India where tourism industry is flourishing and will become next big things , has been facing problem of workforce with right skill set Like those who Understand tourist’s requirements, Awareness of driving rules and regulations , courtesy level and discipline, Required 57-70% trained by short term modular training Program like NSDC, DGE&T etc.
The Media and Entertainment industry, which had a size of 57,700 crores two year ago is expected to grow to 2,88,900 crores in 2022, at a CAGR of 12.2% ,Manpower requirement is expected to increase from 10.5 lakhs to 40.4 lakhs by 2022
But present manpower lacking in knowledge of techniques to set camera angle, lighting, etc , Insufficient knowledge to improve the looks of the artist etc , More than 50 % of required manpower only needs Skill Development training and can be easily be employed and fulfill the deficit of sector
The market size of Transportation industry in India is expected to grow from Rs. 1,99,100 crores to Rs. 6,40,154 crores in 2022, growing at a CAGR of 8.7% .Manpower requirement is expected to increase from 73 lakhs to 2.51 crore by 2022
And More than 55% of total required skill Manpower ,only has to be trained by short term training Program
Manpower requirement is expected to increase from 9.7 crore to 26.7 crore by 2022
Skill and talent are the results of education and training, and India must lay greater stress on its educational infrastructure before it can attain higher levels of growth and
The skill set of India’s youth have to necessarily match that of the world’s best.
Like this post? Comment here !! Or have something to share? Write to us: email@example.com