Tuesday, August 26, 2025
spot_img

India Funds Global Skills Gap Study Under G20 Initiative

spot_img
- Advertisement -

India has taken a significant step towards addressing global skills shortages by offering to fund a comprehensive study on skills gap mapping.

This initiative, part of the 2023 G20 agenda during India’s presidency, aims to position India as a global skills hub.

The Ministry of Labour and Employment has sought approval for ₹7.24 crore to carry out this project in collaboration with the International Labour Organisation (ILO) and the Organisation for Economic Cooperation and Development (OECD).

Objectives and Scope of Bridging Skills Gap

The primary objective of the study is to align India’s skilled workforce with global demand.

By mapping the skills gap, India aims to facilitate country-specific migration of its skilled workforce. This will help meet international needs based on specific job roles.

The study’s findings will be submitted to G20 countries by June 2026 for consideration.

This initiative will require all member countries, including India, to share job data with the ILO and OECD for mapping and assessment.

Collaboration and Partnerships

The labour ministry plans to bring in partners to undertake the study through the country office of the ILO.

Key partners in the study include the ILO, OECD, and the labour ministry itself.

India has already initiated talks with the ILO country office.

India expects the study to be advantageous as it aspires to become the skills capital of the world.

Once the mapping is done, India will initiate the country-specific migration of its skilled workforce. This would cater to global demand based on job roles.

This would not only help in addressing the skills gap but also contribute to the socio-economic upliftment of the workforce.


Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube. To get the latest news updates, subscribe to our channels. WhatsAppClick HereGoogle NewsClick HereYouTubeClick Here, and LinkedIn: Click Here.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Microsoft and Accenture have announced “Project Amplify program”

Microsoft and Accenture have announced the third cohort of...

Vineet Kumar Joins DMart as Circle HR Manager

DMart – Avenue Supermarts Ltd has appointed Vineet Kumar...

Wipro gives over 85% variable pay to employees for Q4FY24

For the fourth quarter of FY24, an Indian multinational...

Zerodha video went viral to test team’s reaction in extreme stress

India's biggest stock broker offering company, Zerodha Nithin Kamath,...

WhatsApp rolling out new group chat feature for Android users

The US tech conglomerate of Meta, WhatsApp is rolling out...

Microsoft to Require Three Days in Office Under New Hybrid Policy

Microsoft is preparing to implement a stricter return-to-office (RTO)...

Women in Labour Market – 2022

Women are unique leaders. They bring a balance of...

Elon Musk and 1000 experts sign open letter urging to pause on AI systems

According to various reports, Elon Musk and nearly 1000...

Related Articles

Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor - Content at SightsIn Plus