CRAFTING A SKILLED FUTURE: THE CRUCIAL ROLE OF ITIS IN INDIA'S ECONOMIC GROWTH

The growth of Industrial Training Institutes (ITIs) in India has been a significant factor in addressing the country’s skill gap, boosting industrial productivity, and contributing to overall economic growth. With over 15,024 ITIs by 2023, these institutions have played a crucial role in equipping the workforce with the technical skills required in various sectors, such as manufacturing, construction, and services. This paper explores the evolution of ITIs, highlighting their contribution to enhancing industrial efficiency, supporting key industries, reducing unemployment, and promoting entrepreneurship. The study examines enrolment trends, the impact of ITIs on GDP growth, and the importance of vocational training in fostering inclusive and sustainable economic development. It concludes that ITIs are a vital component in India’s strategy for economic growth and skill development, providing a foundation for a competitive and skilled workforce. KEYWORDS: Skill Development, Economic Growth, ITIs, Vocational Training, Employment, Industrial Productivity, Entrepreneurship.

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Publication Details

Journal
EPRA International Journal of Economic and Business Review
Published
2024-12-30
DOI
https://doi.org/10.36713/epra19592
Primary Topic
Indian Economic and Social Development
Type
article
Field-Weighted Citation Impact
0.00
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article

CRAFTING A SKILLED FUTURE: THE CRUCIAL ROLE OF ITIS IN INDIA'S ECONOMIC GROWTH

Dr.Siddaraju V.G
EPRA International Journal of Economic and Business Review
Indian Economic and Social Development
article

CRAFTING A SKILLED FUTURE: THE CRUCIAL ROLE OF ITIS IN INDIA'S ECONOMIC GROWTH

Dr.Siddaraju V.G
article en

Abstract

The growth of Industrial Training Institutes (ITIs) in India has been a significant factor in addressing the country’s skill gap, boosting industrial productivity, and contributing to overall economic growth. With over 15,024 ITIs by 2023, these institutions have played a crucial role in equipping the workforce with the technical skills required in various sectors, such as manufacturing, construction, and services. This paper explores the evolution of ITIs, highlighting their contribution to enhancing industrial efficiency, supporting key industries, reducing unemployment, and promoting entrepreneurship. The study examines enrolment trends, the impact of ITIs on GDP growth, and the importance of vocational training in fostering inclusive and sustainable economic development. It concludes that ITIs are a vital component in India’s strategy for economic growth and skill development, providing a foundation for a competitive and skilled workforce. KEYWORDS: Skill Development, Economic Growth, ITIs, Vocational Training, Employment, Industrial Productivity, Entrepreneurship.

EPRA International Journal of Economic and Business Review
University of Mysore (IN)
Decent work and economic growth
Openalex Percentile: Top 70%
Indian Economic and Social Development
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