Economic Value of Skills Development for India

by Sunil Sharma
Fellow, The Institute of Company Secretaries of India, New Delhi, INDIA.

DOI: https://dx.doi.org/10.21013/978819406928702

Abstract

The value-creation is an important purpose and objective of any economic system. The economic well being‘ being a key component parameter of inclusive development is further achieved by ensuring the healthy interactions between the men, means, and machines within an economic system. Men, being the producers at the same time being the consumers are the epicenter of any economic system. The development and better utilization of this segment of the economic system are highly important. And, this highly important segment has been the subject of mass-production of research & development related studies worldwide. India being the second largest country having an abundance of this segment of the economic system can do a lot to make full use of the potential it has. And, this paper enlists how skills development can ensure that.

Keywords: Skills Development, Skills, Economy, Economic Systems, Employability, India

This chapter is a part of: The Economics of Skills: Pathways to Employability (Eds. Sunil Sharma, FCS & MSS El Namaki, PhD)

© 2020, CSMFL Publications & its authors.


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