TVET Financing and Employer’s Ownership in Skills Training for an Emerging Workforce

Abstract

The mismatch between the demand and supply of skills is a global concern. The private sector, being the principal user, has a critical role in skills training. However, in many developing economies, e.g., India, the role of the government is more prominent than the formal private sector. This tends to create a supply-driven TVET system, rather than a demand-driven one. The private-sector involvement is limited to private-sector training partners and does not really bring the employer’s skin in the game holistically for skill development.