Integrating entrepreneurship with skill education
Lack of skill training within the education system is indeed a major situational quagmire as it not only leads to several losses of manpower but also erodes the economy. Most reports and evidence indicates that due to lack of skill education fresh graduates face lots of problems in their careers.
IBM’S global higher education study report stated that in India’s 73 percent of education influential said that innovative technologies are distracting higher education. In India, an outdated curriculum is challenging higher education levels to equip graduates with jobready skill sets. Both advanced technologies and techniques are entailed to improve this scenario and make ready these graduates to swiftly fit in the real-world work environment. This can be done through changes in higher education, importantly, by focusing on integrating skill with education and by introducing experience based and practical learning experiences in higher education.
Adding more flexible, purpose-driven, realistic, functional, practice-based learning and creating deeper relationships with the real-world business and technology ecosystem are the important recommendations for bridging the skill gap in India were depicted from the study. For any country, their students are the human capital and it is essential to empower them for the development of the economy.
As per the eighth edition of the India Skills Report (ISR) less than half of the Indian graduates are employable due to a lack of professional skill sets. The report stated in 2021, nearly 45.9 percent of graduates are found employable, a decline from 46.21 percent in 2020 and 47.38 percent in 2019. India has a large population of unemployable youth in the current scenario.
Mostly industry complains about the lack of practical training by the universities during UG and PG programmes. The academia claims that non-cooperation by the industry for students’ internships and project works and in all the country bears the brunt of that. Speedily after 2010, the Indian economy has shown massive growth prospective with entrepreneurship development in India. But the threat of a skill gap is a foremost roadblock for this growth in India.
For the sound economic development of any economy skill-based learning and training is an integral component of increasing efficiency and productivity. In India, it’s still at a nascent stage. However, the demand for skilled manpower is extreme and to cover this gap, it is very advisable to re-engineer the skill ecosystem. Skill-based learning in schools and colleges can provide various benefits
Increasing employability l through a series of inputs to equip students with appropriate hands-on-skills which helps them to be job-ready. Uplift confidence, enhance l productivity and competency of individuals through focussed outcome-based learning.
The Indian higher education system has consistently recognised the need to become more entrepreneurial and innovative with a view to supporting the economic, social and cultural development of the country and its regions. In the present time, several universities understand that entrepreneurship and innovation is the need of the hour and should be part curriculum. For instance, the Delhi government started the Delhi Skill and Entrepreneurship University aims to skill the youth of the state. These are the kind of steps by the government which can enhance the future growth of students.
To fill the skill gap universities and educational institutes offer entrepreneurship courses for students that could help them build necessary skills and competencies in their desired field also the whole degree-centric higher education entails skills and values-centric education. Some of the factors introduced to students regarding entrepreneurship and innovation is following:
Develop an entrepreneurial mindset
Educational institutes must reorganize their curriculum in a way that will push students out of the classrooms and embrace learning by doing their own. Early-stage innovation and experimentation will be the key for students because experiential programs let you immerse yourself in life, and this process helps students to identify hands-on entrepreneurial opportunities and spend their time on building and executing a business idea.
Mandatory participation in boot camps
Institutes, must entail to offer dedicated entrepreneurial education by organizing boot camp in campus or sending their eligible candidates because boot camps are intensive programs which last over a week or a month and gives rewarding opportunities to students to show their skills and learn how to create, innovate, collaborate or compete on a national or global platform in boot camps.
Nowadays, higher education has been considered as an ‘engine’ for innovation but the innovation process needs to be better managed by institutions.
Focus on experiential learning
To build a self-sufficient nation, the youth of the country need skill that makes them self-confident, reliant, purpose driven and also future ready. Education sector dedicatedly work on improving higher education curriculum by finding more opportunities to introduce skill based and realistic knowledge experience sharing by implementing new learning techniques with students rather than stress on written exams. Institutions should join hands or build partnerships with business industry and skill assessment organizations to contribute for reforming hands on learning strategies.
Promote technical skills
Technical sound with good communication skills is a basic criterion to get a job in this competitive world to be a part of this world education institutes entail to measure every existing educational capability and needs. Institutes from time to time conduct experiments utilizing innovative technologies and extend potentials through network partners by organizing a visit or webinar etc. We are entering into a modern era of multi-skilled human resources, where job markets of the future will require emerging qualities such as AI, innovation, creativity, improvisation, systematic thinking and social intelligence to solve unexpected problems. The current Indian market scenario mandates that youth need to keep themselves updated time to time about future trends of employment and understand the value of a more specialized course, skillintensive, technology-based career would help them stay relevant.
Considering it as a need of the hour, industry and educational institutions must join hands together with the support of the government to create a holistic eco-system where skills can be developed, nurtured and honed.