India has been designated as a ‘young’ country, with 75% of its population in the working-age group. The overall economy is significantly driven by this younger cohort of the workforce. However, skill assessments estimate that only 51.25% of youth are employable. Furthermore, only 4.4% of youth have received formal vocational training, while about 16.6% have acquired informal training.

Each year, approximately 12 million new entrants are expected to join the Indian workforce. The available training capacity, however, is much lower—around 4.3 million—indicating a significant skill gap.

According to a report by the International Labour Organisation (ILO), India is projected to face a deficit of nearly 29 million skilled personnel by 2030. In 2019, Accenture predicted that if India does not

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