Skilled Youth Will Drive India To Become A $5 Trillion Economy: Dr Mahendra Nath Pandey

There are four stakeholders in the education and skilling ecosystem – students, Institutions, Industries and government, stakeholders need more collaboration to provide quality education, more skilled employable youth in order to achieve $5 Trillion economy, Dr Mahendra Nath Pandey, Minister for Skill Development and Entrepreneurship said at an ASSOCHAM event held in New Delhi today.

The Minister also invited education sector to contribute their suggestions to bridge the gap between higher education and vocational programmes at the 13th Higher Education, Skill and Livelihood Conclave.

By 2030, India is set to have the largest working-age population in the world. Not only do they need literacy but they need both job and life skills, he said.

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The budget earmarked Rs 99,300 crore for education sector in 2020-21 and about Rs 3,000 crore for skill development. “As per Budget, about 150 higher educational institutions will start apprenticeship embedded degree/diploma courses by March 2021 and will start a programme whereby urban local bodies across the country would provide internship opportunities to fresh engineers for a period up to one year,” noted Mr Pandey.

Source: India Education Diary

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