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“As our economy booms and as our industry grows, I hear a pressing complaint about an imminent shortage of skilled employees. As a country endowed with huge human resources, we cannot let this be a constraint.” - Prime Minister, Manmohan Singh
It is estimated that by year 2025, the proportion of India’s working age population would increase to approx. 65%. This would be approx. 25% of world’s working age population. India is expected to be home to a skilled workforce of 500 million by 2025.
The country is on a transition in its growth story. There is high economic growth fuelling a strong demand for skilled manpower. However, majority of manpower is unemployable. Hence, if India is to maintain its growth over next decade and prevent the economy from derailing, the ‘skill gap’ issue has to be addressed immediately.
SLATE aims to become the bridge between this disconnected section of our society and the high growth modern economy.
