“Skill India” program, that aims to train a minimum of 300 million skilled people by the year 2022. All good intentions to make India the ‘Skills Capital of the World’ and to reap the benefits of skills-based economic development will fall flat if almost half of its population is not fully engaged in the workforce. India currently languishes at rank 120 of 131 countries in the female labor force participation rate (FLFPR). The impact of gender parity in the Indian workforce can potentially add $770 billion of additional GDP (a 27% increase) by 2025.
The current data suggest that only 2.3% of the workforce in India including women has undergone formal skill training as compared to 68% in the UK, 75% in Germany, 52% in the USA, 80% in Japan, and 96% in South Korea.
Women's participation in the Indian workforce, both in the formal and informal economy dipped from 35% in 2005 to 26% in 2018, even as the economy grew twofold in that period along with a 25% increase in the number of working-age women. The Economist calls it the ‘missing 235 million.’