Skill building in India came into focus after the new Central Government announced the Skill India programme. In the budget 2016-17, the Finance Minister announced ₹ 1,804 crores for the skill development ministry to push job creation, apart from announcing a pension incentive. While such initiatives were undertaken even during the previous government, in the new millennium with India achieving a higher economic growth path the issue of skill building became imperative and more pressing. In this context, this study commissioned by ASSOCHAM digs deep into the skill development initiatives to assess the implementation of skill building in the economy, particularly which were and are funded with central government allocations.
There are many positive ways for business to make a difference in the lives of the poor - not through philanthropy but though initiatives that, over time, will help build new markets.
Kofi Annan: World Economic Forum