Labour productivity in India is slow if measured with global players. We are 10-15 per cent lower compared to countries such as Japan, Korea, and the US. Indian manufacturing's contribution to the country's GDP has remained stagnant at about 15-16 per cent for many years. We might copy paste technological advancements from other countries but in terms of human skills, we lack 20 years+. We are in the world of smart sensors, automation devices, new robots, Internet of Things (IoT), cloud computing, location detection technologies, human-machine interfaces, augmented reality, 3D printing, artificial intelligence (AI), big data analytics, and mobile devices, among others.
Skill development is the only way to create an economy where one gets an improvement in the quality of labour required to catch the growth of the Industrial Revolution 4.0. Skill development is the key without which no economy can get growth in the long term. We need smart Humans who can adapt and have a flexible mindset with strong technical and sound knowledge about machines and the advancement of technology. But does the Indian skill development syllabus consist of teaching these subjects as mentioned above?
The skill development syllabus needs a quantum jump so that industrial 4.0 topics and subjects are being trained at that level. This means that the whole course content needs to be brought down to that level where one can have a deep learning process.
Indian economic growth cannot be achieved through a tweaking base and other numbers or weight for the long term. A well-skilled labour force is going to be the key driver of growth in the long term.
Skill development should focus on creating a labour force which adapts the new technology and can be ready force of blue colour job. Employment numbers will not grow based on traditional skill development courses. If the industries are heading towards industrial 4.0 then they will need manpower also to manage that revolution.
If Indian economy wants a sustainable economic growth based on manufacturing and agricultural growth then without having skilled farmers and labour the same cannot be achieved. It’s not about the GDP growth but about the society and economic development of India.
India being a larger population country needs a strong growth model for its people. Skill development will upgrade and will bring income equality within society. States have already been working behind upgrading the syllabus but that may not suffice unless the whole chain of direction from the top is changed towards the future driven.
The current course of Skill development is improvised to meet the current requirement with a limited focus on industrial 4.0 revolutions. My whole point of discussion is that by copy-pasting technological advancements an economy can get a quantum jump in technology front but from where it will get the employees matching to run the show.
The budget allocation from the government end is highly required and if the centre does not provide state government has to play a stupendous role to meet the industries who are located within their state.
Going forward skilled manpower would be the key deciding factor for attracting industries within the states. Those state governments who will have a significant jump in skill development syllabus and having industrial revolution 4.0 in the course will stand to attract huge investments.
Corporate India needs a future driven skilled manpower who will match the growth of its GDP with other countries. India has a huge population and significant 3G and 4G internet facility and hence both of them should be placed together to upgrade the skill development syllabus giving output match industrial revolution 4.0.
English education needs to be another core part of skill development. Language becomes a barrier and as the new industrial revolution will match the steps of the global economy English needs special attention. Language barriers & grooming need to be enhanced so that the labour is confident to face the outer world.
The syllabus needs investments and state government in collaboration with various research institutes can design the platform for the skill development course enhancement. A research institute carries significant edge over the industrial revolution subjects and hence they can create better-skilled labour force.
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