In 10 years, economic forecasters predict that India’s economy will climb to the third largest in the world, behind only the U.S. and China. It is estimated that there will be 104.62 million fresh entrants in the labour market by 2022. India will need to create 8.1 million jobs annually, against the 5.5 million created in 2017, to keep employment rates constant between 2015 and 2025.
How will India achieve this even when an increasing number of young people are entering the labour market but industries continue to complain of unavailability of appropriately skilled manpower? The answer is simple – skill development is critical to enhancing employability.
(Project Based Learning and it’s impact on the Design Education Sector was first published on the Indian Institute of Art & Design’s blog on 27 December 2018)