India, with 65% of its population in the working age group, stands at a pivotal moment to capitalize on this demographic advantage. The key to unlocking this potential lies in the skill development of the youth, which not only contributes to their personal growth but also fuels the country’s economic expansion.

Recognizing the critical importance of skill development, FICCI identifies it as essential for achieving India's ambitious goal of becoming a $5 trillion economy. Skill development is paramount for enhancing employability, competitiveness, and overall economic growth. As Indian industry and services sectors expand and compete on a global scale, the availability of relevant, high-quality, and adequate skills has become an urgent necessity. The speed at which this skill gap is addressed will significantly influence India's competitiveness in the global marketplace.

Human Resources (HR) is a fundamental business domain that is central to the establishment, sustainability, and growth of any organization. It is imperative for sectors to identify, understand, and address various HR-related issues to ensure inclusive sectoral growth. FICCI acknowledges the pivotal role of HR in business and has established a platform for industry HR. This platform serves as a reference point for HR best practices across sectors of the Indian economy, leveraging research, knowledge papers, and benchmarking to promote thought leadership and excellence in HR practices.

By focusing on these areas, FICCI aims to foster a culture of innovation and skill development, ensuring the Indian workforce is well-prepared to meet the challenges and opportunities of the global economy. This commitment to skill development and HR excellence is crucial for positioning India as a competitive player on the world stage.