As part of efforts to strengthen the skilling ecosystem in India, the National Skill Development Corporation(NSDC) has collaborated with Axis My India, one of the most prominent consumer data intelligence companies. The partnership will utilize data-driven insights to understand skill gaps in different industries and assess the impact of training programs so that the skills of the workforce are kept in line with the changing requirements of the market.

The partnership will utilize Axis My India’s expertise in data analytics to identify skill shortages across various sectors. Through baseline surveys, essential data will be gathered on the current state of skill development programs, beneficiary participation, and industry needs to provide actionable insights that can guide the design and implementation of targeted skill development programs. This data-driven approach will help bridge the mismatch between industry requirements and the skills of the workforce.

One of the primary goals of the collaboration is to establish a robust framework for measuring the outcomes of skill development initiatives. This involves evaluating the impact of training programs on employability, productivity, and overall economic growth. By doing so, the partnership aims to ensure that resources invested in skilling are utilized effectively and contribute to meaningful employment opportunities.

With the rapid evolution of technology and industry dynamics, the need for a skilled workforce has never been more critical. This partnership between NSDC and Axis My India is anticipated to play a pivotal role in addressing this need. By aligning skilling efforts with industry needs, the collaboration is expected to enhance workforce readiness, boost productivity, and subsequently contribute to India’s economic growth.

The emphasis on measuring outcomes within the NSDC-Axis My India partnership is a paradigm shift in the skilling ecosystem from merely focusing on input metrics to evaluating tangible impacts. Traditional skill development programs often lacked mechanisms to track the effectiveness of training, leading to gaps between learning and employability.

By leveraging advanced data analytics, this collaboration aims to establish a robust outcomes framework, assessing key indicators such as job placements, wage growth, and productivity improvements post-training. This data-driven approach ensures that resources are allocated to programs yielding the highest economic and social returns. Furthermore, outcome measurement facilitates continuous feedback loops, enabling dynamic adjustments to skilling initiatives to address emerging industry needs. This innovation not only enhances accountability but also aligns the skilling agenda with India’s broader economic goals of creating a future-ready workforce.