Initiative: The Ministry of Skill Development and Entrepreneurship (MSDE) and the World Economic Forum (WEF) launched the India Skills Accelerator (ISA).
Purpose: The ISA is a public-private collaboration platform to address skill gaps in India’s ecosystem. It focuses on innovation, knowledge sharing, and policy reforms.
Goals:
Support India’s demographic dividend
Make India the Skill Capital of the World.
Close skill gaps, cited by 65% of organizations, through upskilling, reskilling, and aligning education with industry.
Key Objectives:
Improve awareness of future skills needs.
Increase collaboration among stakeholders.
Upgrade institutional structures and policy frameworks.
Areas of Focus: AI, robotics, energy, GCCs, advanced manufacturing, and formalizing the informal workforce.
Governance: Led by the Minister of State for Skill Development and Entrepreneurship and Minister of State for Education, along with private co-chairs.
Impact: The ISA aims to close critical skills gaps, supporting the growth of the digital and innovation-driven economy.
Alignment: Aligns with the WEF’s Future of Jobs 2025 report to maintain global competitiveness.
Actions: Will establish dedicated working groups to implement and track progress, and will involve diverse stakeholders for coordinated action.
