A study conducted by ASSOCHAM, in association with Tata Institute of Social Sciences (TISS), suggests that in an effort to realign the skill ecosystem in India, the Union Government should take core elements of skill development from various ministries and pool them under a single minister with a budget of about Rs. 25,000 crore.

Study, titled ‘Skills development in India-An overview,’ also highlighted an urgent need to realign the skill ecosystem in the country to ensure quality, scalability and sustainability, more so as it is estimated that only 2.3 per cent of the workforce in India has undergone formal skills training as compared to 52 percent in the USA, 68 per cent in the UK, 75 per cent in Germany, 80 per cent in Japan and 96 per cent in South Korea.

http://www.business-standard.com/article/economy-policy/realign-skill-ecosystem-for-unified-skill-development-in-india-assocham-117081400516_1.html

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