Company Training, Initial Training: Initial In-Company Vocational Training in India: Implications and Challenges for Indian Companies

TLDR: While India has become a fairly significant manufacturing hub due to its industryfriendly policies, cost competitiveness and vast pool of human resources, some of the key challenges remain unaddressed as mentioned in this paper.

Abstract: While India has become a fairly significant manufacturing hub due to its industryfriendly policies, cost competitiveness and vast pool of human resources, some of the key challenges remain unaddressed. As a consequence, the full potential remains unrealised which manifests as a structural problem in the Indian economy (Indian industry has a low share in GDP). In response, the policy makers are constantly renewing their focus on expanding manufacturing and service sectors while various stakeholders feel that India faces an even bigger challenge with respect to vocational skills. Surveys and studies point out that the skill demand-supply gap is extremely wide.