Potential for Job Creation: Make in India

Abstract

After reviewing various papers it is found that manufacturing in India by foreign & domestic Industries in various sectors can generate employment opportunity. So, the Indian  labour and prospective employees need to acquire skill and knowledge to gain employability. Thus this paper tried to find out the effect of Make in India on employability and scope for skill development. It is important to focus on the development of the skills of Indian labor force to become eligible enough to fit in to the Industry requirement. As reviewed it is found only 10% of the workforce receives formal training  to acquire skill requirement. But out of the actual industrial training requirement of  the  22 million workforces, only 4.3 million of workforces are actually getting formal training. It is interesting to find out if new job opportunities will be created by “Make in India” project but there will be higher demand of skilled labour.