The Skill Crisis Assessment Tomorrow Conference Bangalore October 10, 2007.
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Transcript of The Skill Crisis Assessment Tomorrow Conference Bangalore October 10, 2007.
![Page 1: The Skill Crisis Assessment Tomorrow Conference Bangalore October 10, 2007.](https://reader036.fdocuments.us/reader036/viewer/2022073121/56649e395503460f94b29e6a/html5/thumbnails/1.jpg)
The Skill Crisis
Assessment Tomorrow ConferenceBangalore
October 10, 2007
![Page 2: The Skill Crisis Assessment Tomorrow Conference Bangalore October 10, 2007.](https://reader036.fdocuments.us/reader036/viewer/2022073121/56649e395503460f94b29e6a/html5/thumbnails/2.jpg)
•Agony and Ecstasy
• India’s labour markets– Labour force and work force almost equalized– Misplaced Focus of education/ skills regime; Input rather than outcomes– Unemployability bigger problem than unemployment
•Einsteins exam– Only throwing money at the problem won’t solve it– Crisis and Tragedy; economic equivalent of a right to vote
Background
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India’s labour market
Context
Demographics
Lopsided GDP
Unorganized Sector
Youthification
Employment elasticity;
labour saving bias
LowProductivity
Inability to afford social
security
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Poor HRD Regime
India
Demand/ Supply Mismatch
High Drop out
Low penetration of
higher education
High variability within
qualifications
Unemployment highest among
graduates/ diploma holders
Low literacyLow returns to
education
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What is the Urgency for Skill reform?
India
Unviable agriculture
Demographics
Employee Productivity
High forced self-
employment
Rising Inequality
Unemployability; working poor
Inflation; salaries, titles, responsibility
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The Reform Agenda
Skills
Review labour laws that hinder learning while earning/ doing
Link financing to outcomes
Separate financing from delivery
Separate Repair from Prepare
Regulatory re-architecture
![Page 7: The Skill Crisis Assessment Tomorrow Conference Bangalore October 10, 2007.](https://reader036.fdocuments.us/reader036/viewer/2022073121/56649e395503460f94b29e6a/html5/thumbnails/7.jpg)
Vocational Training in India
•Missing skills– Functional/ Industry specific– English/ Communication– Soft Skills– Basic Computers
•3 kind of unemployability– Last Mile 6 months– Interventional 12 months– Structural 24 months
•Private Ecosystem– Only for last mile repair– Three financing risks– Manage; entry gate, exit gate, cost, co-pay, employer reimbursement
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Closing Thoughts
•India; WSJ in 1994– But Indian journey far from over– Only fixed sins of commission not ommission– Skill deficit is worse than infrastructure deficit
•Labour vs. Education/ Skill reform– Mancur Olson; distributional coalitions– Complex change process; planning commission, CNBC– Not blue vs. white but farm vs. non-farm– Scratches on our minds; Harold Isaacs
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Closing Thoughts
•Role of State
– Private ecosystem can complement but never substitute– Repair pipeline will run dry if prepare not fixed– Money without change will be wasted; leaky pipes
• India; tryst with destiny– Unique time in India– But equality of opportunity? 300 million– Only giving our youth skills will put poverty in the museum it belongs
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The Skill Crisis
Assessment Tomorrow ConferenceBangalore
October 10, 2007