India aims at engaging 500 Million Trained Youth by 2022, says Accenture Research

In order to address vocational education training challenges and shortage of job offers, Accenture has released details of a study with the National Skill Development Corporation (NSDC). The study reveals that private funding and public-private partnerships are helping India overcome these two challenges. The study identifies five steps business and government can take to better support vocational trainees and helps meet India’s goal of engaging 500 million trained youth by 2022.

This action plan unites with India’s Five-Year Plan targets. By tapping younger candidates for training from rural, low-income locations, empowering them with employable skills and building their careers in important growth sectors such as manufacturing can help India meet its goals of inclusive, accelerated and sustainable growth, said Nilaya Varma, Managing Director, Accenture’s Health & Public Service Practice in India.

According to the research, it was also found that about 50 per cent of those who complete training receive job offers within three months. Initiatives funded by NSDC and private-sector organizations have achieved high placement rates for trainees. Those who leave a job within a month of their hiring cited disappointment with the job profile or pay. Pre-placement support services provided to trainees needs to be improved. For example, about 50 per cent of the trainees interviewed said resume writing was very important, but only 21 per cent reported receiving such training.

Under the NSDC network more than 2,500 physical and mobile training stations have been created to date to support VET trainees in 352 districts across the country.