Rapidly changing market, accelerated by COVID-19 has been a key factor in the push towards upskilling and reskilling of various types of workers in a VUCA (volatile, uncertain, complex, ambiguous) world.
Globally, the disruptions of technology adoption, and environmental impacts of globalization are significantly impacting the labour and product markets. The COVID-19 pandemic has brought in innovative ways of working such as remote and flexible working. This coupled with poor working environment in developing economies is further impacting the labour market.
India has a huge demographic dividend, however with only around 5 per cent of its working population trained formally, it faces a huge challenge of shortage of skilled manpower thereby threatening India’s potential for economic development.
The IGDR’S vision is to provide policy insight and direction to India’s skill development initiatives through discussions, outcome-oriented research that can help enable stakeholders to make India a powerhouse of skilled workforce in the world.