India requires nearly 109 mn skilled work force over the next decade: Report

The Human Resource and Skill Requirement report, commissioned by National Skill Development Corporation, says that the top ten Indian sectors account for about 80% of skill requirements.

The Dollar Business Bureau Skill-developement-The-Dollar-Business The increased human resource requirement across 24 Indian sectors is nearly 109.73 million and the top ten sectors account for 80% of skill requirements. This was an outcome of the Human Resource and Skill Requirement report covering 24 Indian sectors, launched by the Ministry of Skill Development and Entrepreneurship, on Thursday. The 24 sectors that have been covered under the study include Auto and Auto Components, Food Processing, Beauty & Wellness, Media and Entertainment, Retail, Domestic Help, Leather and its goods, among others. In the report that was commissioned by National Skill Development Corporation, while the employment base in 2013 stands at 459.46 million, the projected employment by 2022 is projected at 578.62 million. Among the 24 sectors mentioned in the report, the top three sectors that are having the higher ‘projected employment by 2022’ is Agriculture (215.6 million), Building, Construction & Real Estate sector (76.55 million) and the Retail sector (55.3 million). Then comes the Transportation & Logistics (28.4 million), followed by Textile & Clothing (21.54 million), Handlooms & Handicrafts (17.79 million), Auto & Auto Components sector (14.88 million), Food Processing (11.38 million), Domestic Help (10.8 million), Gems & Gems & Jewelry (8.23 million), among others. Meanwhile, the Incremental HR Requirement during the period 2013-22 is more for Building, Construction & Real Estate (31.13 million), followed by Retail sector (17.13 million), Transport & Logistics (11.66%), among others. However, the incremental HR requirement for agriculture for 2013-22 period was reported to decrease by 24 million, according to the report. The total Incremental HR requirement during 2013-22, as per the report is 119.16 million. Launching the report, the Minister of State for Skill Development and Entrepreneurship, Rajiv Pratap Rudy, said the idea of the report is to identify the sectors facing biggest skill gaps. He further said that the Skill Gap reports will help the Ministry in further planning the skilling of the future workforce of India, in line with the Prime Minister’s vision of making India the ‘Skill Capital’ of the world. In his address, the Secretary, Ministry of Skill Development and Entrepreneurship, Sunil Arora said, the reports give an insight of the quantitative reports of the HR requirement in various Indian sectors and also will help in filling the key skill gaps through a proper mapping of supply and demand.