While India has become a fairly significant manufacturing hub due to its industryfriendly policies, cost competitiveness and vast pool of human resources, some of the key challenges remain unaddressed. As a consequence, the full potential remains unrealised which manifests as a structural problem in the Indian economy (Indian industry has a low share in GDP). In response, the policy makers are constantly renewing their focus on expanding manufacturing and service sectors while various stakeholders feel that India faces an even bigger challenge with respect to vocational skills. Surveys and studies point out that the skill demand-supply gap is extremely wide. © Springer Fachmedien Wiesbaden 2016.
Author Keywords
Index Keywords
