Modern India embodies some of the most confounding contradictions of world development. The country's low skill intensity, and low education attainment present a major challenge in preparing the workforce for India's future. First, India has struggled with defining the role and importance of skill development in national growth. In fact, according to the India Economic Survey 2017 by the Organisation of Economic Cooperation & Development (OECD), public spending on education in India is 3.8% of the GDP, lower than countries such as Brazil and Malaysia . Through closer collaboration between the private and public sectors, there must be a concerted effort toward building a long-term skill development strategy that keeps the workforce relevant and "futureproofs" it.

Source: Forbes May 07, 2018 02:48 UTC