Employment and Skilling for Viksit Bharat@2047: A Vision of India

Employment generation and skilling plays an important role for development of any economy. India, whose population is among the youngest, has the potential to capitalize on its demographic dividend by developing a workforce capable of meeting industrial demands and possessing employable skills. High levels and excellent standards of talent enable nations to successfully negotiate the opportunities and obstacles found in both local and foreign labor markets. The main purpose of this paper is to provide light on the relationship between skilling and employment generation. India is the fifth largest economy in the world, and part of its aim to create 'Viksit Bharat' by 2047 includes equipping its young people with the skills needed to adapt to a changing labor market. This goal was emphasized in the most recent Union Budget 2024–25, which included large funding allocations for programs related to employment, education, and skill development.