Skill Development : An Engine of Economic Growth

Indian economy is now trillion dollar economy. After introducing significant reforms in financial sector, we have improved efficiency and stability in our economy. As per most economists we will achieve double digit growth in next 15-20 years. But at the same time we have to see whether this growth will be more sustainable and more inclusive. This paper attempts a study of skill development to facilitate higher growth in economy. Knowledge, skills and technology of our young population is the backbone of our economy. We have to recognize these three elements which have the ability to foster the economy. Our education system is inadequate to produce qualitative workforce. To enhance quality of education skill development process should be implemented simultaneously. Policy should be framed and implemented in this regard and also huge awareness campaign should be taken to implement the policy.