Boosting Employment and Skilling for Viksit Bharat@2047 (A Vision for Developed 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. The importance of skill development to generate a workforce that is both competitive and flexible is the main topic of this paper. The significance of skilled workers for economic benefits and the requirement for targeted programs to close the employability gap and match skill sets with growing industries are also emphasized. It evaluates and suggests ways to improve government programs like the Skill India Mission and others that aim to create jobs and improve skills. This paper also looks at how skill development would support in generating employment which would ultimately help in fulfilling the goal of Viksit Bharat @2047 (A vision for a developed India). Keyword: Skilling, Employment generation, Viksit Bharat, Workforce.