India has one of the youngest populations in the world, a trend that is expected to continue until 2040. With an ever growing economy, it requires a large pool of skilled workers which entails numerous skill development initiatives for training them. Also with structural shift towards higher-productivity sectors, up-skilling of labour force is essential in order to ensure the country’s inclusive economic growth. Thus the need for a well-defined skill development framework, with clear demarcation of responsibilities for achieving specific targets, has been recognized by the Government of India. 

Below given are some of the path-breaking initiatives being taken across various sectors:

Government Initiatives

• The Ministry Of Skill Development And Entrepreneurship has announced the launch of an online platform- www.indiaskillonline.com
  
  
• MOU has been signed between MSDCS and ISRO on a nation-wide space distance learning program
  
  
• The govt. is launching 50 India international skill centers across the country to help in foreign placement
  
  
• Rise India in partnership with the Rajasthan government is planning to launch skill-building centers across the state to connect with young people and focus on building their skills in the agriculture and automotive industries
  
  

Corporate Initiatives

• Ola has signed a deal with haryana government to skill 10000 men and Women
  
  
• Tata Trusts and GE Healthcare have joined hands to bridge the “Skill Gap” in healthcare sector
  
  
• Vedanta aligns with Pradhan Mantri Kaushal Vikas Yojana for skill development
  
  
• SBI and Oracle India in collaboration launched “D-Change” program to support “Skill India” and “Digital India”
  
  

Academic Initiatives

• Coca-Cola University has announced the skilling of 350000 people by Dec 2017
  
  
• Maharashtra board has decided not to fail students in SSC, instead, they will provide skill training to them
  
  
• Symbiosis University of Applied Sciences becomes the first skill development University