National Skill Development Mission, comprising a comprehensive skill development programme with a target to achieve 500 million skilled persons by the year 2022 . A three-tier institutional structure has been set up with a National Council h eaded by the Prime Minister for policy direction and review of skill development efforts in the country. Finance Minister Mr Mukherjee said -A National Skill Development Coordination Board-under the chairmanship of Deputy Chairman Planning Commission to enumerate strategies to implement the decisions of PMâ s council and a National S kill Development Corporation (NSDC), a non-profit company under the Companies Ac t, 1956 being funded by the trust, namely, â National Skill Development Fundâ are the ot er components. The objective ofNSDC is to skill/upskill 150 million people in In dia including persons from rural areas by the year 2022, mainly by fostering pri vate sector initiatives in skill development programmes. The Corporation is also mandated with formation and governance of the Sector Ski ll Councils (SSCs) involving private sector. Sector Skills Councils will play a key role in development of curriculum, certification and accreditation that meet industry standards . I hope the co-operation of the private sector will help in making the skill de velopment mission a success. The pursuit of the vision requires that our economy becomes globally competitive , an economy that is efficient and cost effective, where the resources - man mad e as well as natural - are optimally and sustainably used. This alone can facili tate a high growth rate of the economy and hence opportunities for people over l ong period of time. We have made significant strides in unshackling and reformin g our economic policy framework and the Indian industry has demonstrated that it can compete with the best in the world, yet the process is far from complete. There are issues such as bottlenecks in the availability and quality of physical infrastructure, inadequacy of regulatory institutions in areas where private se ctor is coming up as a major player, rule of law and the larger issue of governance r eforms that have a direct bearing on the competitive character of our economy an d need to be addressed on a priority. More importantly, the success in addressin g some of these issues at the national level has to be urgently replicated at th e State and sub-State level. Another element in this vision is to build a spatially evolved and regionally ba lanced Indian economy. A country of more than 1 billion persons cannot be led by growth in a few sectors or a few cities and regions of the country in a sustain able manner. With nearly two-third of the population still living in the rural a reas it is important for the economy to reach out to these people and provide op portunities to them from the ongoing economic expansion at their door steps. Thi s is essential not only for strengthening the inclusive character of the growth process, but also for anticipating and addressing the demographic issues associa ted with unplanned urbanization. Finally, our economy has to be technologically innovative if we are to realise t his vision of inclusive development. It requires supporting and sustaining basic research and technological innovations, and adapting and applying the products of this research and innovation in supporting and enhancing the wellbeing of the Aam Admi. Ours is a large economy with multiple problems that cannot all be res olved with a business as usual approach or by merely scaling up the existing int erventions and available solutions. We have to be innovative and locate technolo gical solutions to many of our persistent problems. We have to increase our spen ding on research and technology upgradation. This is where the Indian industry w ould need to take a lead. The most critical factor in realizing our vision is the human element be it at t he level of leadership or at the level of a common worker on the floor of the fa ctories, or in the fields and construction sites. We would need the right kind o f expertise and skills at all levels. Personally, I attach the highest importanc e to skill development to ensure that the country benefits meaningfully from its imminent demographic dividend. It is not an easy task, but the Government is co nscious of the steps that need to be taken to translate the contours of this vis ion into a reality. Indeed, it has been steadily moving in that direction since its last tenure. Contact Information: Sagar Media Inc