Wednesday, Sep 26 2018 | Time 00:50 Hrs(IST)
image
  • Maldives to restore ties with India: Nasheed
  • Comedian Bill Cosby sentenced to three to ten years state prison for sexual assault
Business Economy Share

Developed states not adding to skill sets; face big gaps: Study

New Delhi, May 26 (UNI) The most economically developed states are not adequately adding to skill sets, which may result in the severe shortages of skilled manpower in the coming years, with Maharashtra leading the table followed by Tamil Nadu.
According to an ASSOCHAM-Thought Arbitrage Paper, other states which lack in creating skilled manpower include Haryana, Gujarat, Kerala, Himachal Pradesh and Punjab, said the paper.
By 2022, the biggest deficit in supply of skilled labour force is expected to be faced by Maharashtra, with the number pegged at 48.9 lakh persons, according to the paper. Tamil Nadu comes close second with shortage of 46.3 lakh.
"These two states together account for more than 70 per cent of the skills deficit in these seven states (mapped by the paper) with highest per capita NSDP and large skill gaps. Haryana and Gujarat are expected to face shortage of approximately 13 lakhs and 11 lakhs persons respectively by 2022. Kerala, Himachal Pradesh. and Punjab are likely to witness skills shortage of about five lakhs each by 2022," it said.
In terms of verticals, construction, building and real estate would have incremental human resource requirement of 31 million in the next five years, while retail sector would need about 17 million additional work force.
Other sectors generating employment opportunities through skill up- gradation include beauty and wellness (10 million), transportation and logistics (12 million), furniture and furnishing (7.2 million) and handloom, handicrafts (6 million). Textiles and clothing would require additional 6.3 million people and tourism and hospitality 6.5 million.
"Our mapping of the skills shortages suggest that committing resources to training and skill upgradation would serve the twin purpose of employment creation as also helping the industries to grow in a cost effective manner," said ASSOCHAM Secretary General D S Rawat.
UNI ADP RSA SHK 1630
More News

Jaitley launches Financial Inclusion Index

25 Sep 2018 | 11:08 PM

New Delhi, Sep 24 (UNI) Union Finance Minister Arun Jaitley on Tuesday introduced the Financial Inclusion Index (FII) which will be a measure of access and usage of a basket of formal financial products and services.

 Sharesee more..

Portal launched to give MSME loans upto Rs 1 cr within 59 minutes

25 Sep 2018 | 11:05 PM

New Delhi, Sep 25 (UNI) Union Finance Minister Arun Jaitley on Tuesday launched a transformative initiative in micro, small and medium enterprises (MSME) credit space in which they can take loans up to Rs 1 crore within 59 minutes only.

 Sharesee more..

Microgen may start a factory for its appliances provided it finds good response for its high efficient biomass

25 Sep 2018 | 8:13 PM

Kolkata, Sep 25 (UNI) Holland's Microgen Engine Corporation may start a factory for its appliances in
India in the next two years, if Globe Solutions finds good response for its high efficient biomass mCHP
which runs on free Piston Stirling Engine developed by Microgen.

 Sharesee more..

SpiceJet announces two direct daily flights from Amritsar to Bangkok & Goa

25 Sep 2018 | 7:51 PM

Chandigarh, Sep 25 (UNI) A private aviation company SpiceJet on Tuesday announced to launch its two new daily flights from Amritsar to Bangkok and Goa commencing on November 6, 2018.

 Sharesee more..

Singh & Associates law firm bags ‘Best Use of Knowledge Management Award’

25 Sep 2018 | 7:24 PM

New Delhi, Sep 25 (UNI) Singh & Associates, one of India's leading full-service law firms has been awarded the ‘Best Use of Knowledge Management of the Year’ at the recently held 14th Indo-US Economic Summit which was inaugurated by Commerce and Industry Minister Suresh Prabhu.

 Sharesee more..
image