Vocational education is what the education industry needs to churn out job ready professionals from day 1-hour 1. Having this as their motto the 'TimesPro' has ventured to offer vocational programmes with an objective to train the next generation and help them to emerge as business leaders of the country.
Mr Deepak Lamba heads Times Group's education initiative, TimesPro and ET Edge shares his views on the need of industry training and grooming. The following is a note from Mr. Deepak Lamba himself. Read through and lets us know your views.
As I look back at the education space and at the onset of the admission time, I thought I'd share my thoughts and key areas that are relevant to the industry at large. On a global level, India is one of the most happening countries today, more so than it has been in quite some time now. With a stable government, and a significant portion of youth within its population; we are on the growth trajectory. With more than 1.4 million schools and more than 35,000 establishments providing higher education, India boasts of being one amongst the largest education systems in the world.
The Indian education sector has witnessed tremendous growth especially in the recent past with the government taking unprecedented efforts to impart education and empower the youth.
That being said, the reality is that for a country like India; where population numbers drive everything for any business; the level of job ready training for fresh candidates isn't exactly matching up either to the industry requirements or its evolution pace. In fact statistics show that unemployment rate among the illiterate youth is considerably lower than the graduate youth.
In the words of our PM, "The world does not run on the number of certificates one has, but on the skills our hands have." Recognizing the role of job creation for the growth of the Indian economy, the government has come up with various schemes for the skill enhancement of the youth. I-KVKs, e-skilling, skill certification & other such initiatives have been launched with a specific target to increase the employability of the Indian populace and in turn economic growth of the country.
The main challenge is to train fresh graduates in new skills and ensure that they remain employable in ever changing ever evolving industrial diasporas. In the financial space alone, if global demographic and financial product consumption trends are anything to go by, we are about to witness a sheer tsunami of growth. Thereby, training and getting the right fitment for the budding professionals with the current needs of the industry are no longer an add on, but mere hygiene factors. Industry-oriented education is the need of the hour.
India is evolving at a rapid pace, both as a nation and as an economy. In the fiercely competitive global market, where population numbers are one of India's biggest strengths, lack of right skill sets can't be an impediment to the growth of our nation. With the gradual growth of the industry, newer career avenues open up. From a traditional accountant's job, the career options in the financial space now range from financial data to business analytics.
The overall options available for a career choice alone need to be studied in the macro-context. Keeping up with these times then becomes an essential for the youngsters of today. The dichotomy in the Indian context at the moment lies in the fact that on one level we have newer career avenues opening up, which suitably create a need gap; and on another level there is the issue of unemployment.
China has nearly 500,000 senior higher secondary vocational schools, while in India the numbers are alarmingly low at about 5100 ITIs and 6000 VET schools. At TimesPro, it is our endeavour to address this need gap on both the levels and effectively contribute the next phase of building India, through vocational education led empowerment.
With the advent of Industry-oriented education, it is perceived not only will the youth populace as a whole become more ‘employable' but at more than 32% of the population falling within this bracket, it would be a formidable force to strengthen the country's economy when endowed with the right skill sets. The reason I believe in Industry oriented training is because there is no other alternative to it, as the trends keep evolving. The other level which is noteworthy in this context is the anthropological evolution.
While social media does open several avenues of communication, it isn't the best tutor of social skills that are needed in the current vocational context. Given the sheer number of applicants vying for that one job, one needs to leave no stone unturned to achieve success. One of the key reasons why TimesPro offers most of the courses before post graduation is this. Getting the right perspective, at the right age, cultivating the right ambition with the necessary skill sets becomes essential and easier when the receiving minds are more malleable.
In all my conversations, be it with colleagues, Industry representatives, budding employees or others across this value chain, the common identifiable lacuna is always the lack of "industry readiness". Curricula get designed without the necessary and relevant industrial inputs leading to a twofold problem of students not getting their due ROI & industry not getting the right people for the right job.
On a personal level I'm happy to be part of shaping up the talent for this perpetually sunshine sector. Within the last two years, we've already trained over 3000 + job ready professionals and continue to grow as the sector does, opening up newer career avenues for the budding professionals and honing their skills further to further their growth, and in effect the country's growth. Keeping with the global trends, and implementing the best practices at the seed level is the way to go, and that is precisely what we are constantly doing at our end.
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