Strategy Consulting for Reskilling and Upskilling India

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• Reskilling and Upskilling Initiatives for Indias
  Workforce
• India is one of the fastest-growing economies in
  the world and has a young, energetic workforce
  that can spearhead innovation and development.
  Nevertheless, the fast pace of technological
  developments, globalization, and consumer tastes
  make things harder for the Indian labor market,
  which must reinvent itself on the go to stay
  relevant in an ever-changing environment of new
  demands and new opportunities.
• According to the World Economic Forum, by 2022,
  more than half of the Indian labor
• force will need extra skilling or upskilling in
  order to fit the modern requirements of the labor
  market. Reskilling is the process of learning new
  skills to switch jobs, whereas
• upskilling is the process of strengthening and
  widening the existing skills to do the same job
  better or to take on more responsibilities.
• It is not only reskilling and upskilling that are
  important for individual workers to stay
  competitive and employable, but also for
  employers and the economy to have the efficiency
  and productivity that they need. Hence, India
  must direct its efforts towards reskilling and
  upskilling programs that would be able to create
  an essential labor army equipped to cope with the
  future demands of the industry.
• Why Strategy Consulting So Important in
  reskilling and upskilling
• Strategy consulting focuses on the aspect of
  advising and guiding organizations on the best
  approach to use to attain a specific goal.
  Strategic consultants apply their sector
  expertise and analytical skills to give neutral
  and data-grounded advice on business aspects,
  including performance enhancement, competitive
  advantage, revenue growth, cost optimization,
  innovation, and crisis management.
• Strategy consulting can play a vital role in
  designing and implementing effective reskilling
  and upskilling initiatives for Indias workforce,
  as it can help Strategy
• consulting can play a vital role in designing and
  implementing effective reskilling and upskilling
  initiatives for Indias workforce, as it can
  help
• Identify the current and future skill needs and
  gaps in the labor market, based on data-driven
  research and analysis.
• Develop a clear vision and roadmap for reskilling
  and upskilling, aligned with the organizational
  objectives and the national priorities.
• Evaluate the existing reskilling and upskilling
  programs and policies, and suggest improvements
  or alternatives.
• Design and deliver customized and scalable
  reskilling and upskilling solutions, using the
  best practices and tools available.

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• Monitor and measure the impact and outcomes of
  reskilling and upskilling, and provide feedback
  and recommendations for continuous improvement.
• Examples of initiatives on Reskilling and
  Upskilling in India
• Recently, various stakeholders, including the
  government, the private sector, academia, and
  non-government organizations, have become engaged
  in the Indian initiatives targeting reskilling
  and upskilling. Some of the notable examples are
• The National Skill Development Mission, or
  Skill India Mission, launched in 2015 with the
  objective of training over 400 million people in
  different skills by 2022
• through various schemes and programs like the
  Pradhan Mantri Kaushal Vikas Yojana (PMKVY), the
  National Apprenticeship Promotion Scheme (NAPS),
  and the skill Social Action on National Knowledge
  Development for Livelihood
• Promotion (SANKALP).
• The FutureSkills Prime platform, which began in
  the year 2020, is a common initiative by the
  Ministry of Electronics and Information
  Technology (MeitY) and the National Association
  of Software and Services Companies (NASSCOM) to
  create digital opportunities for skills
  development through emerging technologies such as
  artificial intelligence, cloud computing,
  cybersecurity, and blockchain.
• The ASEEM portal, launched in 2020, is a digital
  platform that connects employees with employers
  based on the employees skills, qualifications,
  and location preferences. The Center also
  proposes career opportunities and
• counseling to the workers, as well as sourcing
  reskilling and upskilling opportunities for them.
• NEP (National Education Policy) It aims to
  revolutionize India's education system.
• Further, it also highlights the necessity of
  reskilling and upskilling through the
• introduction of vocational education and training
  at the school level, in addition to promoting
  lifelong learning, continuing education, and
  establishing NSQF to
• facilitate skill recognition and integration.
• Conclusion
• Training and developing both reskilling and
  upskilling are essential for India to capitalize
  on its demographic dividend and adapt to the
  transforming nature of work. Strategy
• consulting can provide actionable results for
  skill upgradation and transformation of the
  Indian workforce, which can build a stronger,
  more proficient, and more flexible economy.

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For further exploration of the ways strategy
consulting can provide you with the resources and
solutions to meet your reskilling and upskilling
requirements, do not hesitate to get in touch
with us right away. We are a pioneering strategy
consulting firm with diverse expertise and rich
experience in different economic sectors and
domains. We can assist you in formulating and
operationalizing reskilling and upskilling
programs custom-made to fit your business
objectives and operations.