In India, where over 12 million young people join the labor force every year, an even more acute skills gap has far reaching socio-economic implications; just two percent of the nearly 500 million-person workforce can be classified as skilled. Although India has world-renowned educational institutions, such as the Indian Institute of Technology, the vast majority of students are ill-prepared for the demands of the modern labor market due to outdated curriculum and a lack of qualified instructors. A 2012 study by the Indian Chamber of Commerce and Industry and EY noted that to meet vocational training needs, the country will require 70,000 additional instructors. Currently qualified instructors are entering the market at a rate of only 1,600 per year.
