FICCI President: Education System not keeping pace with evolving Technology

Federation of Indian Chambers of Commerce and Industry (FICCI) organized the 5th Global Skills Summit in New Delhi. FICCI president, RV Kanoria said that the Indian Education System is not keeping pace with the rapidly evolving technology, resulting in difficulty in finding suitable candidates where millions are unemployed. We have a paradoxical situation in our country. Employers complain of not finding suitably skilled candidates and on the other hand there are millions of unemployed in search of jobs.

According to Kanoria, due to an outdated education system and lack of emphasis on vocational training there is a paradoxical situation in the job market. There is an obvious mismatch caused by the inability of our education system to keep up with rapid and constantly evolving technology. A prominent factor of this mismatch is the lack of adequate mapping of the requirements of the learners. Another factor contributing to the mismatch is the low esteem associated with vocational education.

Furthermore, the demands for skilled trainers are set to increase sharply in the coming years. Referring to a National Skill Development Corporation (NSDC) report, Kanoria said the demand for vocational skill trainers, including technical trainers is estimated to be about 40,000 annually, he added.