By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: India's job crisis: Could Andhra Pradesh's skill census be Modi 3.0's game-changer?
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Business > India's job crisis: Could Andhra Pradesh's skill census be Modi 3.0's game-changer?
Business

India's job crisis: Could Andhra Pradesh's skill census be Modi 3.0's game-changer?

By Viral Trending Content 5 Min Read
Share
SHARE
India, with its booming population, is facing a gloomy job scenario. Even its 7% economic growth may not bring any cheer. The issue is not just ‘how many’ jobs are being created, but also ‘what kind of’ jobs, which presents a crisis within a crisis. Amidst this grim situation, an idea from Andhra Pradesh could be a game-changer for Modi 3.0.

Contents
India’s job crisisHow will skill census help the government and people?What is skill census?

Andhra Pradesh Chief Minister N Chandrababu Naidu is starting a skill census in the coastal state and will suggest a similar exercise to Prime Minister Narendra Modi to map the skill sets available to the population and develop human capital, reported The Times of India.

Andhra’s skill census is expected to provide accurate data for the govt, employers, and other stakeholders, helping them in making informed decisions about workforce development and resource allocation. It will also guide educational institutions in fixing their curricula with industry needs, ensuring graduates are better equipped for the workforce.

Unlike INDIA bloc states that have been pushing for a caste census, Naidu stated that the initiative aims to transform the PPP model into a “public, private, people’s partnership,” aiming to achieve improved outcomes for citizens. Enhancing skills and generating employment are central priorities for the Modi government, with several measures anticipated in the upcoming Union Budget.

India’s job crisis

According to Citigroup Inc., India will find it tough to generate enough jobs for its growing workforce over the next 10 years even if the economy grows at a pace of 7 per cent.

As per Citi estimates, the country will need to create about 12 million jobs a year over the next decade in order to absorb the number of labor market new entrants.The bank’s economists Samiran Chakraborty and Baqar Zaidi wrote in a report, “Based on a growth rate of 7%, India can only generate 8-9 million jobs a year.”On the quality front, the Citi analysis of official data shows that about 46% of the workforce is employed in agriculture, which contributes less than 20% to GDP. Manufacturing accounted for 11.4% of total jobs in 2023, a decrease from 2018, indicating the sector has not fully recovered post-pandemic.

Employment in the formal sector dropped to 25.7% in 2023, the lowest in at least 18 years. Only 21% of the workforce, approximately 122 million people, hold salaried or wage-paying jobs, down from 24% before the pandemic.

How will skill census help the government and people?

The skill census is anticipated to deliver precise data for the government, employers, and other stakeholders, helping them make well-informed decisions regarding workforce development and resource distribution. Additionally, it will assist educational institutions in tailoring their curricula to meet industry demands, ensuring that graduates are better prepared for the job market.

The skill development and training department will take immediate action and the state govt has directed all heads of departments to extend their full cooperation for the successful conduct of the “Skill Census 2024”.

Skill census is the first of its kind exercise in the country to upskill manpower to provide with better employment opportunities. The TDP govt is aimed at creating 20 lakh job opportunities over the next five years. The skill census has been taken up in that direction to achieve the target.

What is skill census?

In June, the Andhra Pradesh govt issued orders to conduct skill census to assess profiles, skill needs and skill disparities for providing necessary training to empower individuals. It was one of the first five files chief minister N Chandrababu Naidu cleared on his first day in office. Andhra Pradesh State Skill Development Corporation (APSSDC) will be the nodal agency to conduct skill census in the state.

Skill census will be a comprehensive assessment and date collection exercise aimed at understanding the skills and competencies possessed by individuals and to identify the “skill gaps” which are to be filled to match the demand of the industry.

The skill census will be conducted through comprehensive surveys, capturing information on education, work experience, training, skill proficiency levels.

Stakeholders’ consultation and advanced data analytics techniques. The exercise will involve rigorous validation mechanisms to ensure accuracy and reliability of the collected data.

You Might Also Like

World markets rise on Trump-Xi summit hopes

Sebi proposes major overhaul of derivatives rules to simplify compliance for exchanges

Burned out and going nowhere: the American worker is too mentally drained to even look for a new job

US 30-year bond yield tops 5% as Kevin Warsh takes Fed helm and inflation rises

Metropolis Healthcare sees strong Q4 performance driven by specialty and preventive testing push

TAGGED: bbc business, Business, business ideas, business insider, Business News, business plan, google my business, income, money, opportunity, small business, small business idea
Share This Article
Facebook Twitter Copy Link
Previous Article Donald Trump 2024 Victory May Fuel Year-End Bitcoin Price Surge, Report Finds
Next Article Apple Glasses: Unveiling the Secrets of Apple’s Next Big Thing
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

World markets rise on Trump-Xi summit hopes
Business
Sebi proposes major overhaul of derivatives rules to simplify compliance for exchanges
Business
Bitcoin struggles below $80,000 amid institutional withdrawal
Crypto
Kylie Jenner explaining Zelda: Breath of the Wild is perfect, actually
Gaming News
Raffles and One&Only head to Courchevel’s slopes with Alpine hotel expansions
Travel
How Costway Helps You Get BTU Right for Smarter Home Cooling
Tech News
Hackers used AI to develop zero-day exploit for web admin tool
Tech News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

Brussels unveils plans for a European Degree but struggles to explain why

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
Trump evokes more anger and fear from Democrats than Biden does from Republicans, AP-NORC poll shows
March 28, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?