The National Skill Development Agency (NSDA India)
The National Skill Development Agency (NSDA) is an Indian government body that is part of the Ministry of Skill Development and Entrepreneurship. The NSDA’s mission is to increase skills development across the private sector and government positions in India.
Visit NSDA’s website here –> http://www.nsda.gov.in/
Objectives of the NSDA
The following are the main objectives of the National Skill Development Agency (NSDA):
- – Support the government of India’s five-year plan for skills training
- – Organize skills development across all sectors
- – Evaluate the effectiveness of existing skill development programs and find ways to make them more effective
- – Develop a database of skill development information across the nation and build a Labor Market Information System (LMIS)
- – Support the needs and requirements of disadvantaged individuals and minorities, including women and differently-abled people
How Many People Does the NSDA Plan to Train?
The ministry of skill development originally stated in 2009 that it planned to train 500 million people by 2022. Since then, it has refined that estimate to be closer to 400 million people by 2022.
100 million are those people who will be new to the workforce and require significant skills training. The remaining 300 million are already in the workforce but need a skills upgrade.
National Skill Development Council
The National Skill Development Council consists of several members, including the chairman, general body, governing body, director-general, deputy director-general, director of NSRD, and various research analysts, research associates, consultants, and administrative staff.
Most important skills
India is known for being a great source of back-office and mid-office roles in banking, finance, and technology.
Many global investment banks are rapidly expanding offices in India in cities such as Mumbai, Bangalore, and Dehli.
From the banks’ perspective, the most important skills to have developed are:
Accounting and Finance
India will be making a big push to increase the skills of its people in accounting and finance. While many people will go to university, given the sheer size of the country and the number of people that require training, many will look to online courses to master these topics.
CFI has developed several courses that are entirely free in our mission to help anyone become a world-class financial analyst.
To begin, launch this free online accounting course.
Financial modeling and valuation
CFI has a unique focus on developing practical, job-based skills that financial analysts need to rise up through the ranks.
Our financial modeling courses have been taken by tens of thousands of aspiring corporate finance professionals.
Most professionals working in finance use Excel more than they care to admit.
A big part of CFI’s mission is to ensure that analysts have the tools and training they need, including education in practical programs like Excel. To get started for free, check out CFI’s Free Excel Course online!
The mission of the National Skill Development Agency NSDA is clear – provide 400 million people in India with significant skills upgrades by 2022. In order to get there, they will have to partner with as many training companies as possible and leverage the power of eLearning.
To learn more and start advancing your career today, check out these additional CFI resources: