Question
Under the Skill India Mission, what is the significance
of Recognition of Prior Learning (RPL)? Read the following passage and answer the Questions (Q no. 11 to 14) based on the passage. The importance of skilling in India cannot be overstated, as the country stands at a critical juncture in its economic development. With a large and growing young population, India possesses a demographic advantage, often referred to as a "demographic dividend." However, to fully capitalize on this potential, it is essential to equip the workforce with the necessary skills to meet the demands of a rapidly changing economy. Skilling plays a vital role in enhancing employability, driving economic growth, and ensuring social mobility. One of the key reasons skilling is so important in India is the mismatch between the skills of the labor force and the needs of the industry. While India produces millions of graduates every year, many of them lack the technical and vocational skills required by industries such as manufacturing, information technology, healthcare, and other high-growth sectors. This skills gap results in high levels of unemployment or underemployment, even as industries face labor shortages. By focusing on skill development, India can bridge this gap and create a workforce that is better equipped to take on modern jobs, improving productivity and competitiveness. Moreover, skilling is crucial for India's transition from an agrarian economy to a more diversified and knowledge-based economy. Agriculture still employs a large portion of the population, but as the economy grows and modernizes, there is an increasing need for workers in sectors such as services, technology, and manufacturing. Equipping workers with skills in areas such as digital literacy, automation, data science, and artificial intelligence can help them transition to these new sectors, ensuring that they remain relevant in the evolving job market.Solution
RPL recognizes the skills possessed by individuals outside of formal education, leading to certification and enhanced employability.
Which of the following are the recent reforms taken by the Government?
I- Improved fiscal transparency and realistic revenue assumptions in the B...
NBFCs in India are companies that are registered under which of the following Act?
What type of a merger refers to two firms operating in same industry or producing identical products combining together?
What filing requirements were introduced for Fund Management Entities (FMEs) regarding schemes or funds launched in the IFSC as per the April 2024 IFSCA...
Which type of mortgage does not require registration with Registrar of Assurances?
In which state is the Insurance Regulatory and Development Authority of India (IRDAI) headquartered?
What is the minimum Capital adequacy ratio including capital buffer, proposed for All India Financial Institutions by RBI?
Which of the following is not a key characteristic of project financing?
When was the Security Printing and Minting Corporation of India Limited established?
Which of the following office is/are designated as Stand-Up Connect Centres to arrange the support that is needed under the Stand Up India programme?