Question:

“The Indian government formulated the National Policy for Skill Development.” Explain the need for the policy.

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• The policy focuses on vocational and technical skills.
• It improves employability and productivity.
• Skilled manpower supports industrial and economic growth.
• It helps utilize India's demographic dividend effectively.
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Solution and Explanation

Concept:
• India has a large young population that can become a major driver of economic growth.
• Many young people, however, lack industry-relevant skills required for modern employment.
• To improve employability and productivity, the Government of India introduced the National Policy for Skill Development.
• The policy aims to create a skilled workforce capable of meeting national and global demands.

Step 1:
Explain the need for skill development.
Rapid industrialisation, technological advancement and globalization have increased the demand for skilled workers in various sectors. Traditional education alone is often insufficient to meet these requirements.

Step 2:
State the objectives of the policy.
The policy was needed to:
• Improve the employability of youth.
• Reduce unemployment and underemployment.
• Provide vocational and technical training.
• Enhance productivity and economic growth.
• Meet the growing demand for skilled manpower in India and abroad.

Step 3:
Conclude the explanation.
The National Policy for Skill Development helps in transforming India's demographic advantage into productive human capital and supports sustainable economic development.

Step 4:
Write the final answer.
Answer: The National Policy for Skill Development was formulated to equip India's youth with industry-relevant skills. It improves employability, reduces unemployment, promotes vocational training and enhances productivity. The policy also helps in meeting the increasing demand for skilled manpower and contributes to economic growth by developing a competent and globally competitive workforce.
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