MSDE partners with World Economic Forum!

Apr 16, 2025

IIGJ skill 2In a significant move towards accelerating India’s skilling goal, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with the World Economic Forum (WEF), deliberated on the India Skills Accelerator, initiative during a high-level roundtable in New Delhi.

The India Skills Accelerator will function as a national public-private collaboration platform designed to enable cross-sectoral efforts in unlocking innovative ideas and driving systemic progress on complex challenges that demand a multi-stakeholder approach.

At its core, the Accelerator aims to catalyze change across three critical levels: i) by improving awareness and shifting mindsets around future skills needs, ii) increasing collaboration and knowledge sharing among stakeholders, and iii) committing to upgrade institutional structures and policy frameworks to support a more adaptive and responsive skilling ecosystem.

As India navigates rapid technological and economic change, skill gaps – cited by 65% of organisations as a major barrier – threaten to slow progress. The Accelerator aims to close these gaps through inclusive upskilling and reskilling, mobilizing investment in lifelong learning, and fostering government-industry collaboration.

The initiative’s governance structure includes key stakeholders from public and private sectors, led and co-chaired by Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education and co-chaired by Dr Sukanta Majumdar, Minister of State for Education and Development of North-Eastern Region.

By enabling agile career transitions, promoting scalable training, and aligning education with industry need – especially in high-growth sectors like AI, robotics, and energy – the initiative will empower India’s youth and drive future-ready workforce development.

During the roundtable, the experts underscored the significance of a comprehensive analysis of India’s skilling ecosystem and identifying a set of 10 to 12 high-impact priorities with clear and measurable outcomes. MSDE also emphasized establish dedicated working groups to guide implementation and ensure progress is tracked through WEF’s Global Learning Network – enabling peer learning and global benchmarking.

Equally emphasized was the importance of thematic working groups, drawing on the expertise of diverse stakeholders, to translate strategy into coordinated action. The participants also deliberated on aligning the newly launched initiative with insights from the World Economic Forum’s Future of Jobs 2025 report.

Here, it is to note that the National Skill Development Corporation (NSDC), a unique Public Private Partnership (PPP) model under the Ministry of Skill Development & Entrepreneurship (MSDE). Till date, the NSDC Board has approved 36 Sector Skill Councils including Gem & Jewellery Skill Council of India (GJSCI). There are over 600 Corporate Representatives in the Governing Councils of these SSCs.

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