India would need over 500 million skilled people by 2022 across following sectors: Auto and Auto Components, Building and Construction Materials, Building and Construction, Real Estate Services, Electronics and IT Hardware, Education and Skill Development Services, Food Processing, Gems and Jewellery, Healthcare, Textiles, Leather and Leather Goods, Organised Retail, Tourism and Hospitality..
Transportation and Logistics, Media and Entertainment, BFSI, Chemicals and Pharmaceuticals, Furniture and Furnishings, IT and ITES.. While there are millions of jobs opportunities across these sectors; industry continues to struggle for skilled talent. In order to bridge this talent gap, ESDA offers various skill Development programs across the subcontinent.
Economic Survey 2014-15 has highlighted on the need to initiate skill development programs to achieve the government's objective of
'Make in India' campaign. As a prelude, the Survey states that, in order to bring about expansion and structural transformation, India should utilise its dominant resource of unskilled labour.
Economic Survey has made a distinction between registered manufacturing (formal sector) from the general manufacturing which covers informal sector as well. The survey has recognised that registered manufacturing as having
"the potential for structural transformation" as registered manufacturing exhibits high productivity compared to other sectors of the economy.
ESDA is working towards balancing the nation's comparative advantage in availability of low skilled labour with skill development required by future generations to take advantage of lost opportunities. The registered manufacturing must be expanded to take leverage of India's abundant unskilled labour.
"While 'Make in India' occupies prominence as an important goal, the future trajectory of Indian development depends on both
'Make in India' and 'Skilling India'," said the Economic Survey.
ESDA running skill development programs through
1. Government skill development programs
2. Establishing ESD cell in the technical institutions.
3. Student-Industry interface programs.
4. Advance skill enhancement programs in various streams.