About EduSkill

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INDUSTRY BACKGROUND

In the past two decades, the country has seen sustained high economic growth. Presently, India is world's fourth largest economy behind only U.S., China and Japan in terms of purchasing power parity. Despite the effects of the global economic turmoil, the Indian economy has managed a GDP growth rate of 6.9% in the fiscal year ended March 31, 2012 and is projected to grow at 7.6% in the current fiscal year.

Manpower Crunch: The Challenge Impeding Growth Opportunities

One of the biggest challenges impeding India's Growth is the issue of skilled manpower. India needs 500 million skilled and trained workforce by 2022. (Source: NSDC Skill Gap Analysis Report)

The developed world too, will have a shortage of 40 million working people. (Source: Report on India's New Opportunity - 2020, brought out by the All India Management Association, the Boston Consulting Group, the High Level Strategic Group and the CII)

COMPETITIVE MARKET

The Government and various industry bodies have realized the need for major steps in the field of human resource development. Industry players too, are taking steps both individually and collectively to address the situation.

In the recent past, we have seen a lot of skill development institutes catering to the needs of the school graduates and helping them get employed in the popular sectors of the economy. These skill developers, as one might call them, limited themselves to the popular categories like IT/ITeS, aviation, hospitality etc. Due to this reason the skill development for the mass of India outside the popular categories has been much ignored by the big players.

However, not surprisingly, a majority of the many million opportunities and manpower shortages are seen across all sectors and across all industries in India. 

BUSINESS OPPORTUNITIES IN EDUCATION SECTOR
Significant opportunities exist for the private sector in delivering innovative educational services particularly in areas of skill development and improving employability. These include Training Delivery, Teaching & Training Content Provider, Train-the-Trainer and Assessment & Certifications.




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