1Research Scholar, Department of Economics, SRM University, Rai, Sonipat, Haryana
2Assistant Professor in, Commerce, Govt. College for Women Murthal, Sonipat, Haryana
Skill isn't some activity which is learnt and forgot over time although it is an experience, intellect and passion acting in unison thus skill with knowledge is a significant driving force for the engine of economic growth. Knowledge endorses the analytical power and skills provide efficiency for performing any task which enlarges the productivity and create revenues for an economy. The present study deals with the skill as the fuel in the engine of economic growth in India. The study is based on the secondary data collected from journals, magazines, publications, articles, research papers and website of Ministry of Skill Development and Entrepreneurship (MSDE). It is found that India has 1.29 billion workforces which is the second largest muscle power hub in the world after China. Out of the total population, 63.10% is the main workforce belonging to the age group between 15–59 and only 4.7% of this main workforce is skilled which is very little in comparison to the other developed countries like UK(68%), Germany(75%), USA(52%), Japan (80%) and Korea (96% highest skilled workforce in the world). The main purpose of the study is to analyse the existing level of skill and root challenges in the way of Mission Skill India.
Skill, Fuel, Muscle Power, Economic Growth, Productivity, Way-out
