Answer-What is the primary objective of the Pradhan Mantri Kaushal Vikas Yoja..403387

Q: What is the primary objective of the Pradhan Mantri Kaushal Vikas Yojana (PMKVY)?

PMKVYaimstoempowertheyouthbyprovidingindustryrelevantskillstrainingenhancingemployabilityinvarioussectors

Question

Please read passage and the answer the following questions ( Q no 23 to 26) based on the passage. Skilling in India is a critical aspect of the country's economic development, particularly in the context of its vast and diverse workforce. As India aspires to become a global economic powerhouse, the importance of skill development cannot be overstated. The country faces a unique challenge: while it has a large pool of young, dynamic individuals, a significant portion of the workforce lacks the necessary skills to meet the demands of a rapidly changing job market. Therefore, enhancing skills is essential for fostering economic growth, reducing unemployment, and promoting social inclusion. One of the primary objectives of skilling initiatives in India is to enhance the employability of its youth. With a burgeoning population, particularly among young people, it is crucial to equip them with the skills required by various industries. Skill development programs aim to bridge the gap between education and employment by providing practical training and hands-on experience. This not only increases the chances of securing jobs but also helps individuals pursue entrepreneurial opportunities. Skilling is integral to driving economic growth in India. A skilled workforce is more productive and efficient, which can lead to higher outputs and better quality products and services. As industries become more competitive, having a workforce equipped with the latest skills and technologies is vital. Investments in skill development can thus boost the overall productivity of the economy, contributing to GDP growth and attracting foreign investment.