Union Minister for Skill Development and Entrepreneurship Rajiv Pratap Rudy highlighted the importance of imparting skill development training and create jobs through large-scale education led initiatives in the country.
Speaking at the World Franchise Congress, Rudy said India faces the challenge in job creation because we have not aligned skill development and education, citing that only 3.5 per cent of our workforce in India are skilled compared to Korea and Germany where nearly 96 per cent.
"Our 69 years of money resource has gone into education but not skill development of a primary and secondary class student," he said.
He went on to add that skilling on entrepreneurship and retail franchisee will provide great employability as 60 per cent of India's GDP comes from the service sector. Indian educational institutes and colleges has the world's largest number of engineers, doctors and management students, out of which only 17 per cent of engineers and 15 per cent of management students are employable.
Rudy spoke at length on the National Skills Qualification Framework (NSQF), is a competency-based framework that organises all qualifications according to a series of levels of knowledge, skills and aptitude. These levels, graded from one to ten, are defined in terms of learning outcomes which the learner must possess regardless of whether they are obtained through formal, non-formal or informal learning.
"Along with the Ministry of Education, we will put skills in a structured manner," the minister said.
