“Today, the world and India need a skilled workforce. If we have to promote the development of our country then our mission has to be `skill development’ and `Skilled India’. Millions and millions of Indian youth should acquire the skills which could contribute towards making India a modern country. I also want to create a pool of young people who are able to create jobs and the ones who are not capable of creating jobs and do not have the opportunities, they must be in a position to face their counterparts in any corner of the world while keeping their heads high by virtue of their hard work and their dexterity of hands and win the hearts of people around the world through their skills. We want to go for the capacity building of such young people. My brothers and sisters, having taken a resolve to enhance the skill development at a highly rapid pace, I want to accomplish this.” Hon’ble Prime Minister of India,Shri Narendra Modi.
Skills and Knowledge are driving forces of economic growth and social development for any country. Today, India is one of the youngest Nations in the World with more than 62% of its Population in the working age group (15-59 years), and more than 54% of its Total Population below 25 years of age. Its Population pyramid is expected to bulge across the 1559 age group over the next decade. It is estimated that 109.73 million Additional Skilled Manpower will be required across 24 key sectors by 2022. To reap this demographic dividend which is expected to last for next 4 years, India needs to equip its workforce with employable skills and knowledge so that they can contribute substantively to the economic growth of the country.
One of the major challenges in the Country today is that 93% of the workforce is in informal/ un-organised sector. The perception on skilling is viewed as the last option meant for those who have not been able to progress/opted out of the formal academic system. Job creation is also a major challenge before the nation. Entrepreneurship based on Innovation has immense growth potential. However, the number of local entrepreneurs emerging every year in India is very low.
The business world has changed significantly in the past few decades. The pace at which technology has evolved is unheard and unseen. The future managers will need to align their skill set to keep pace in this VUCA world. It is therefore imperative for management education to meet the challenges of rapid changing times and technologies.
The Government of India and AICTE is working consistently on a mission mode to improve the quality of management education in the country. Keeping in view the latest Industry Trends, Digital Economy and Market requirements, the curriculum revision is made, collecting input from all the key stakeholders of the management education namely (Industry, Academia, and Alumni), benchmarking with Top Indian and Foreign Business Schools.
The curriculum focuses on the alignment of PGD program curriculum with department/institute’s mission. The curriculum emphasizes an intensive, flexible core in management education with number of specializations and electives including second generation courses. The core courses of PGD programs are comprised of six key learning outcomes that every employer seeks in management talent. This is a unique feature of the model curriculum. This curriculum is designed & developed in such a way that there is a path to suit everyone i.e. full of flexibility and autonomy for Department/Institute to package the courses to position their PGD program. Overall, an attempt has been made to connect theory to practice and equip PGD students to meet the ever-changing needs of the industry.