NSDC Partners With Axis My India To Leverage Data-Driven Insights To Map Skill Gaps And Measuring Outcomes

National Skill Development Corporation (NSDC) has partnered with Axis My India, a consumer intelligence company, to strategically map skill demand and supply across India. This partnership aims to identify data-driven gaps in key skilling initiatives, measure their outcomes, and enhance beneficiary participation rates, particularly in underserved regions.

Through this collaboration, NSDC seeks to harness Axis My India's research expertise to support its mission of fostering industry-driven skill development initiatives that align training programs with market needs. NSDC will also be able to assess the impact of existing skill development programmes on beneficiaries, including their employability, income generation and social-economic upliftment.

Ved Mani Tiwari, CEO of NSDC, and MD of NSDC International emphasized the importance of this partnership: "Our collaboration with Axis My India represents a significant advancement in our efforts to identify and address skill gaps across various sectors. By utilising comprehensive data analytics, we will enhance the efficacy of our various skilling initiatives. Together, we are committed to making India a global hub for skilling while ensuring transparency and accountability in implementation."

Tiwari further added, "This partnership not only strengthens our mission but also empowers us to leverage data-driven insights and innovative strategies to better align our skilling programs with the needs of industries and aspiring individuals. We aim to ensure that participation from rural and underserved communities is maximized, thereby fostering inclusive economic growth."

The partnership will focus on the following key areas- including tracking participation rates, engagement levels and outcomes of skill development programmes. Besides these, baseline surveys will be conducted to gather essential data on the current state of skill development programmes, beneficiary participation, and industry needs. These surveys will serve as a reference point for future evaluations and assessments. Joint efforts will be made to design and implement frameworks that focus on measuring the effectiveness of training programs and their long-term outcomes.

Axis My India has been instrumental in uncovering grassroots insights throughout India, particularly in underserved regions often overlooked due to socio-economic challenges. Their commitment to connecting underserved citizens with appropriate industries and government bodies aligns perfectly with NSDC's goals. The collaboration will involve advocacy campaigns aimed at raising awareness about the importance of skill development in driving economic growth and reducing unemployment.

These efforts will target key stakeholders—including government bodies, educational institutions, industries, and the general public—to promote skill development programs effectively. Pradeep Gupta, CMD, Axis My India stated, "We are excited to collaborate with NSDC to align grassroots insights with transformative skilling efforts. Together, we can empower individuals, especially in underserved communities, with skills that meet the demands of today’s economy. This partnership will help to capitalize the demographic dividend of young India" This partnership is poised to create a robust ecosystem that not only addresses existing skill gaps but also lays the foundation for sustainable economic development across India.

National Skill Development Corporation (NSDC) is the principal architect of the skill ecosystem in the country.