India is rapidly advancing toward becoming a $5 trillion economy and the third-largest globally. At this pivotal moment, unlocking the potential of the country’s youth is crucial. According to recent data, 46.9% of India’s population is under the age of 25, with an almost even distribution between males (47.4%) and females (46.3%). This demographic is a valuable asset that can fuel growth and prosperity if adequately harnessed.
Recognising this, the Indian government has emphasised employment and skilling in its latest Budget. With a significant allocation of Rs 2 lakh crore, the goal is to provide skill development training and create employment opportunities for 4.1 crore people over the next five years.
This government push aligns with the evolving strategies of universities and business schools across India, which are increasingly shifting toward skill-based and need-based curricula. This marks a move away from the traditional, one-size-fits-all approach and towards programs that equip students with practical skills for the modern workforce.
Industry shifts and voices from academia
Dr. Jones Mathew, Principal of Great Lakes Institute of Management, Gurgaon, points out that India’s education system has long been criticised for its focus on theory over practical application. “Many graduates are labelled as unemployable because they lack the necessary skills to perform their jobs effectively,” says Mathew. He explains that this gap has led to an urgent need for a shift in educational approaches. “As industry requirements have evolved, firms now demand recruits who can be productive early on, without extended on-the-job training. A degree holds limited value unless students have the practical skills to back it up.”
Vishal Khurma, CEO of Woxsen University, Hyderabad, concurs, noting that the traditional education model is undergoing a significant transformation. “We recognise the need to pivot toward need-based and skill-based curricula to prepare students not just for their first job but for lifelong learning and adaptability,” Khurma says. He highlights Woxsen University’s focus on integrating technology, interdisciplinary learning, and industry collaboration into their programmes to ensure students are future-ready.
“Our high-tech labs provide hands-on experience, and our Trade Tower incubation centre nurtures entrepreneurial ventures,” Khurma elaborates. “We also prioritise global exposure through international exchange programs, and our recruitment of Professors of Practice ensures that industry leaders bring current trends and real-world insights directly to our classrooms.”
At MIT World Peace University in Pune, similar strategies are being implemented. Dr. R. M. Chitnis, Vice Chancellor, notes that their dedicated Skill Development Cell is key to offering students the best opportunities for skill acquisition. “We’re collaborating with the National Skill Development Corporation (NSDC) to provide thousands of courses that will benefit not just our students but also aspiring learners nationwide,” says Dr. Chitnis. He emphasises that India’s potential as a global manufacturing and services hub depends on institutions adapting their curricula and methodologies to industry demands.
B-schools leading the way
B-schools are also playing a pivotal role in driving the shift toward skills-based education. Dr. Mathew highlights that the Great Lakes Institute of Management has long focused on practical learning. “Skills labs and sessions are integrated into every course, from data analysis to brand auditing. This approach ensures that our students graduate with real-world capabilities, not just theoretical knowledge,” he adds.
The broad consensus among academic leaders is clear: the shift from theoretical to skill-based education is essential for equipping India’s youth to contribute meaningfully to the nation’s development. As more institutions embrace this approach, the focus on need-based learning is setting a new standard in higher education across the country.