Abstract
Skill development is defined as the development of skills or competencies, which are relevant for the workforce. Skill development is a key factor in improving the employability of individuals, increasing productivity and competitiveness of enterprises, reducing unemployment, poverty and exclusion, strengthening innovation and attracting investment. It also facilitates the transition from the informal to the formal economy. The objective of Skill Development programmes being implemented in India is to create a workforce encompassing the necessary and continuously upgraded skills, knowledge and internationally recognized qualifications to get access to decent employment and ensure India's competitiveness in the dynamic global market. Skill Development aims at improving the productivity and employability of workforce (wage and self-employed) both in the organized and the unorganized sectors. It requires increased participation of youth, women, disabled and other disadvantaged sections and to harmonize the efforts of various sectors and reorganize the present system with the better capability to adapt to changing technologies and labour market demands.
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